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What has been the MOST significant impact of remittances in Kerala?

AReducing dependence on agriculture

BStrengthening state government revenues

CCreating large-scale manufacturing jobs

DMaking Kerala's economy export-led

Answer:

A. Reducing dependence on agriculture

Read Explanation:

  • Remittances have allowed many families in Kerala to move away from agriculture as their primary source of income, with significant investment directed toward improving household living standards, health, and education.

  • The inflow has not notably led to large-scale manufacturing or made Kerala’s economy export-led; instead, it created a service-driven economy and increased per capita income.

  • While remittances are many times higher than state government revenues, their most direct effect has been on household consumption, reducing dependence on traditional sectors like agriculture.


Related Questions:

What do you mean by a mixed economy?

മുതലാളിത്ത സമ്പദ് വ്യവസ്ഥയുടെ പ്രത്യേകതകൾ ഇവയിൽ എന്തെല്ലാമാണ് ?

  1. സംരംഭകർക്ക് ലഭിക്കുന്ന ഉൽപാദന സ്വാതന്ത്ര്യം.
  2. വില നിയന്ത്രണം ഇല്ലാത്ത സ്വതന്ത്രമായ കമ്പോളം.
  3. സ്വകാര്യ സ്വത്തവകാശം
  4. ലാഭം മാത്രം ലക്ഷ്യമാക്കിയുള്ള ഉത്പാദനം
    ഉപഭോക്താക്കളുടെ പരമാധികാരം, ഉത്പന്നങ്ങൾ വിറ്റഴിക്കാനുള്ള സംരംഭകരുടെ പരസ്പര മത്സരം എന്നിവ ഏത് സമ്പദ്‌വ്യവസ്ഥയുടെ പ്രത്യേകതകളാണ് ?

    What are the characteristics of the capitalist economy.Find out from the following:

    i.Freedom for the entrepreneurs to produce any commodity

    ii.Right to private property

    iii.Motive for social welfare

    iv.Transfer of wealth to legal heir



    What are the problems faced by the socialist economy?.List out from the following:

    i.The public sector's investment potential is less and this affects economic growth adversely.

    ii.In the absence of private ownership of wealth and transfer of wealth to the legal heir, people are less likely to work hard.

    iii.Moreover, the consumers have only a limited choice of products.