Kerala to use "Smart Model" for 15th Five-Year Plan to address unemployment
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Mains·
State planning and investment-led growth: a GS3 case study on fiscal strain and employment generation.
Why in news
The Keralam State Planning Board announced a 'Smart Model' for the 15th Five-Year Plan (2027-2032) to tackle unemployment and drive investment-focused growth.
Background
The Keralam State Planning Board appointed IIM-Kozhikode as the lead consultant for the 15th Five-Year Plan. The plan covers the period from 2027 to 2032 and focuses on resource mobilization despite existing fiscal strain.
Facts for Prelims
- BodyIIM-Kozhikode: Appointed as the lead consultant for Kerala's 15th Five-Year Plan.
- Fact15th Five-Year Plan: Covers the period from 2027 to 2032.
- PostK.M. Chandrasekhar: Vice-Chairperson of the Keralam State Planning Board.
Prelims practice question
With reference to Kerala's 15th Five-Year Plan, consider the following statements:
- IIM-Ahmedabad was appointed as the lead consultant for the plan.
- The plan covers the period from 2027 to 2032.
- The plan focuses on resource mobilization despite existing fiscal strain.
Which of the statements given above is/are correct?
- (a)2 only
- (b)1 and 3 only
- (c)2 and 3 only
- (d)1, 2 and 3
Show answer
Answer: (c) 2 and 3 only — Statements 2 and 3 are correct. Statement 1 is incorrect: IIM-Kozhikode was appointed as the lead consultant.
For Mains
Q. Discuss the challenges of balancing fiscal consolidation with investment-led growth in states facing high unemployment rates.
Dimensions to cover in your answer
- Fiscal-Growth Paradox: Balancing debt-driven investment with the need for fiscal discipline in high-unemployment states
- Consultancy-led Planning: Evaluating the efficacy of academic-institutional models in state-level resource mobilization
Keywords: Fiscal Strain · Resource Mobilization · Investment-led Growth · Employment Generation · State Planning
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