Question

What role do remittances play in Kerala's economy?

• A. They are the primary funding source for public infrastructure projects.
• B. They have fueled a high-consumption economy and a real estate boom.
• C. They have led to a decrease in the cost of living.
• D. They are a minor source of income for a small number of families.

Answer 1

Answer:

B. They have fueled a high-consumption economy and a real estate boom.

• The large influx of remittances has significantly increased household purchasing power, leading to high consumption and a boom in the construction and real estate sectors.