Kerala Budget: Projects abound, funds go missing
The article critiques the new Kerala state budget, arguing that it lacks concrete plans for resource mobilization and undermines the existing infrastructure funding model, KIIFB. It suggests that the government's shift toward land reforms and private investment facilitation may lead to corporate enclosure rather than public benefit.
Why it matters
It provides a critical analysis of regional economic policy shifts in India, highlighting the tension between public infrastructure funding and private capital-led development.
After a decade-long rule by the LDF, Keralites have voted in the UDF with a hug majority; it is therefore reasonable to assume that the voters would want a fundamental shift in economic policies. While one cannot expect much from the current Budget, particularly when the total Budget size has been reduced, with no concrete plans for resource mobilisation, the UDF government has departed significantly from its position as detailed in the White Paper published a few weeks earlier.
The analysis expresses skepticism toward corporate-led land reforms and criticizes the current government's departure from established public-funded infrastructure models.
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