Question

Which of the following statements are incorrect regarding the State of Kerala economy during it's third phase (1991-2020)

1. Established an inhospitable environment for private investment.
2. Rapid reduction in poverty and unemployment
3. The state has witnessed significant technological progress.

• A. 1 only
• B. None of these
• C. 2 only
• D. 1, 2

Answer 1

Answer:

A. 1 only

The economic history of Kerala state can be divided into three phases

1. 1. The first phase (1956-1975)
   2. Second phase (1976-1990)
   3. Third Phase (1991-2020)

Third Phase (1991-2020)

Liberalisation and globalisation policies were implemented in India since 1991.This created favourable conditions for private investment in all over the country

• Rapid increase in private investment
  
• Increase in emigration and flow remittances
  
• Higher rate of investment and technological progress
  
• More public expenditure on public infrastructure and social services
  
• Rapid reduction in poverty and unemployment
  
• State moved to a higher level of economic growth,technological change, and speedy transformation of economy and generation of more employment