Economist and former director ofCentre for Development Studies(CDS)Prof KP KannansaidKeralashould re-examine its Governance system and rise to the challenges posed by a Society with high . Kannan, an honorary fellow ofCDS, has just completed a working paper titled Kerala Model of Development Revisited, A Sixty-Year Assessment of Successes and Failures.
Kannan cited three examples to illustrate Keralas spectacular failure: a declining efficiency in revenue collection, persisting loss in public sector enterprises and waste of public Resources due to time and cost overruns in public investments (basic infra).
These are thwarting Keralas ability to enhance Capital Expenditure, tackle Unemployment. Detailed studies will be required to pinpoint the nexus between the political-bureaucratic class and the business-contractor class which is aggravating the lapses in revenue collection. The outbreak of Covid in 2020 after the massive floods in Aug 2018 was the beginning of a new challenge for Keralas development trajectory, he said.