ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Kerala: In a Debt Trap

In a Debt Trap The southern states of Karnataka, Kerala, Tamil Nadu and Pondicherry, all have revenue deficits in excess of 50 per cent of the gross fiscal deficit. Kerala, in particular, has been plagued by a revenue deficit that is around 80 per cent of the fiscal deficit. This means, specifically in the case of Kerala, that recurring and non-productive expenses generate the bulk of the state

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