Question

Kerala's economic history can be delineated into three distinct phases. Identify the phase of Kerala economy by analyzing the below given statements:

• The total stock of Keralite emigrants in Gulf increased from 2.5 lakh to 6.17 lakh 
• Remittances received form the Keralite emigrant workers increased from about ₹ 824 crore to ₹ 1310 crore 
• Widespread changes had taken place in the labour market,consumption, savings, investment, poverty, income
  distribution and regional development.

• A. First phase (1956-1975)
• B. Second phase (1976-1990)
• C. Third Phase (1991-2020)
• D. None of these

Answer 1

Answer:

B. Second phase (1976-1990)

Kerala's economic journey can be segmented into three distinctive eras.

• First phase (1956-1975)
• Second phase (1976-1990)
• Third Phase (1991-2020)

Features of the Second phase (1976-1990)

• The backward economy began to witness rapid changes during the second phase, (1976 to 1990) with the large scale migration of Keralite workers to the Gulf countries.
• The large scale migration and flows of remittances have resulted in unprecedented economic changes in Kerala.
• The total stock of Keralite emigrants in Gulf increased from 2.5 lakh in 1979 to 6.17 lakh in 1990
• Remittances received form the Keralite emigrant workers increased from about ₹ 824 crore in 1980 to ₹ 1310 crore in 1990
• Widespread changes had taken place in the labour market,consumption, savings, investment, poverty, incomedistribution and regional development.