Question

What major economic event characterized the second phase (1976-1990) of Kerala's economy?

• A. The extensive implementation of comprehensive land reforms, leading to significant changes in land ownership patterns.
• B. The 'Gulf Boom' and the subsequent increase in remittances.
• C. A significant push for state-led industrialization, resulting in a boom in manufacturing and employment.
• D. The initiation of major tourism development projects, establishing Kerala as a prominent global tourist destination.

Answer 1

Answer:

B. The 'Gulf Boom' and the subsequent increase in remittances.

• This period is synonymous with the 'Gulf Boom,' which saw mass migration to Gulf countries and a massive influx of remittances that significantly boosted the state's economy.