Cracks in state economy: Welfare’s poster boy in red, Kerala halves development plan size
Kerala's financial stability is at risk, with an 80% debt surge in five years. The state's revenue is predominantly consumed by salaries and pensions, leaving infrastructure underfunded. Inefficiency, bloated bureaucracy, and rising social security costs worsen the crisis. Critics urge structural reforms to avert economic collapse as the current fiscal model is unsustainable.
Kerala's financial stability is at risk, with an 80% debt surge in five years. The state's revenue is predominantly consumed by salaries and pensions, leaving infrastructure underfunded. Inefficiency, bloated bureaucracy, and rising social security costs worsen the crisis. Critics urge structural reforms to avert economic collapse as the current fiscal model is unsustainable.
