Thiruvananthapuram > Economic growth in the state rose to 12.1 percent. The financial review report released ahead of the state budget was presented in the Assembly today. This is the highest growth rate since 2012-13. Post-Covid, the state’s stimulus plans are believed to have helped growth. According to the report, the central policies of including the loans taken by the institutions in the public debt have hit the state and the crisis may worsen in the coming years due to the central policies.
The state’s public debt rose to Rs 2.1 lakh crore. Revenue income rose to 12.86 percent. The loans of various institutions including KIFB have been brought under the purview of the state, which has increased the public debt of the state. This central policy is the main cause of Kerala’s economic crisis.
The report says that the increase in domestic production is encouraging. This is the highest growth rate in 10 years, according to the Economic Review Report. Central allocation and grants are mentioned in the report at least. There is a shortfall of 0.82 percent in the central share
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