Infrastructure development will boost industrial growth: IIM professor on Kerala Budget 2022

The Kerala budget for the financial year of 2022-23 focuses on infrastructure development with a massive increase in capital expenditure, said Dr Rudro Sensarma, Professor of Economics IIM Kozhikode.

Dr Sensarma said that infrastructure development like the Silverline project, roads, IT parks and internet connectivity will help to boost industrial growth in the state.

"The apprenticeship scheme is a very innovative way to increase the employability of the youth and provide trained manpower for the industry. There are also proposals to increase revenues by plugging GST leakages, increasing land revenue and digitalising the state GST department. The Rs. 2000 crore allocation to address inflation is a curious proposal. Since the details are missing, I hope that the government will use it to improve the productivity of agriculture and industry instead of giving it away as cash transfers. There are also no fundamental solutions for the loss-making PSUs except for more cash infusion," he said.

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