Kerala is the eighth most developed state in India in terms of nominal per-capita gross domestic product (GDP). Kerala’s real growth rate over the past decade (2011-2019) has averaged 6.3 percent, lower than that for India (6.9 percent). Over the past 30 years, Kerala’s economy has seen a sustained shift away from agriculture into services at a higher rate than the national average. Fiscal policy has played a critical role in the structural transformation...
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