Question

Which of the following describes the unique approach to financial empowerment in Kerala?

• A. A focus on heavy industrialization and state-led manufacturing.
• B. A blend of robust social welfare, grassroots decentralization, and a service-based economy
• C. An emphasis on attracting foreign direct investment through tax incentives alone.
• D. A strategy prioritizing agricultural exports and land consolidation.

Answer 1

Answer:

B. A blend of robust social welfare, grassroots decentralization, and a service-based economy

• Kerala's model is not a simple capitalist or socialist one.

• It is a complex blend of strong government-led social welfare programs, decentralized local governance, and a thriving service-based economy fueled by remittances and human capital.