The term 'Gulf Boom' refers to a period of:

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ARapid economic growth in the Gulf countries driven by rising oil prices and diversification efforts.

BIncreased migration to Gulf countries and subsequent remittances

CA surge in foreign direct investment (FDI) in Kerala's infrastructure and industrial sectors.

DIncreased trade and tourism between Kerala and the Middle Eastern countries.

Answer:

The 'Gulf Boom' was the period of mass migration of Keralites to the Gulf region for employment, leading to a significant increase in remittances.

Related Questions:

Identify the correct statements regarding the shift in development thinking influenced by figures like Mahbub ul Haq and Amartya Sen.

Prior to 1990, development thinking was predominantly focused on achieving high GDP growth rates.
Pakistani economist Mahbub ul Haq shifted the focus of development economics from national income accounting to people-centered policies in 1990.
Mahbub ul Haq collaborated with Amartya Sen to persuade the UNDP to incorporate Human Development Indicators (HDIs) in development policy framing.
The Human Development Report (HDRs) exclusively relies on per capita income as its primary development metric.

What is the Kerala Medical Technology Consortium (KMTC) designed to achieve?

To build a medical device manufacturing ecosystem.
To integrate Kerala's IT infrastructure, research, and start-up systems for this purpose.
To promote the export of medical tourism services.
To regulate the quality of imported medical devices.