New Plans for Kerala Economy Perspectives

Published on: 14 May, 2013
Published under: Kerala Business News, Thiruvananthapuram District News

13 May 2013

Kerala is working out a perspective plan for its economy so that the state will rely less on the remittances from the diaspora and more on its resources.”The perspective plan aims to target by 2030 the annual per capita income, which currently stands at $4.700, touches $19,000. And in 2040, it would climb to $36,000,” State Planning Board chief K.M. Chandrasekhar said while unveiling the draft of the plan at an interaction with the media here Monday.

Chief Minister Oommen Chandy said the plan had been discussed with some sections of the society and soon it would be put up on the website for more people to have a look. For more than three decades, Kerala’s economy was dependent on the remittances from the diaspora, receiving a record Rs.50,000 crore from the non-residents, more than 90 per cent of whom work in the Middle East.

Chandy pointed out that from June onwards every Wednesday there would be the routine cabinet meeting and on Thursday there will be a special cabinet meeting. “In the special cabinet meeting, the agenda would be finalized one month before and we will discuss issues threadbare with all concerned and this is being done to speed up the implementation process in areas where immediate attention is needed.”

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