Kerala's outstanding liabilities: ₹5.07 lakh crore That's 35.5% of its GSDP. The state is literally borrowing to exist.A staggering 77% of the state's revenue is consumed by mandatory expenditures (salaries, pensions, and interest payments). In just two years (2020–2022), Kerala's salary and pension liability grew by a staggering 52.6%. There's virtually nothing left to build anything with. Crippled by massive debts, low revenues, spiralling unemployment, the exodus of youth to rest of India and the world, and uncertainty on the remittance front, Kerala's economy is heading towards a perfect storm.
No comments:
Post a Comment