The report said that inflation in most countries soared to multi-year highs last year, driven by a rebound in economic activity and a surge in supply chain disruptions.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
Kerala’s “model” is an illusion built on the export of labor, not the creation of wealth.
Strip away the Gulf money, and the so-called miracle looks ordinary.
Facts speak louder than ideology:
• Annual remittances (2024–25): ~₹2.16 lakh crore — nearly ₹19,000/month per family.
• Remove this inflow, and Kerala’s per capita income collapses from ~₹2.8 lakh to ~₹1.15 lakh. By the way even with this it is nearly same as Uttarakhand’s ~₹2.7 lakh.
• NRI deposits: ₹3 lakh crore; remittance share: ~20% of India’s total.
Kerala doesn’t manufacture prosperity — it imports it.
Its real export is its people.
If Gulf remittances are proof of “development,” then the Bihari migrant in Delhi or Dubai deserves the same applause.
The myth of the Kerala model survives not on productivity, but on nostalgia and narrative.
Kerala’s “model” is an illusion built on the export of labor, not the creation of wealth.
Strip away the Gulf money, and the so-called miracle looks ordinary.
Facts speak louder than ideology:
• Annual remittances (2024–25): ~₹2.16 lakh crore — nearly ₹19,000/month per family.
• Remove this inflow, and Kerala’s per capita income collapses from ~₹2.8 lakh to ~₹1.15 lakh. By the way even with this it is nearly same as Uttarakhand’s ~₹2.7 lakh.
• NRI deposits: ₹3 lakh crore; remittance share: ~20% of India’s total.
Kerala doesn’t manufacture prosperity — it imports it.
Its real export is its people.
If Gulf remittances are proof of “development,” then the Bihari migrant in Delhi or Dubai deserves the same applause.
The myth of the Kerala model survives not on productivity, but on nostalgia and narrative.
Kerala’s “model” is an illusion built on the export of labor, not the creation of wealth.
Strip away the Gulf money, and the so-called miracle looks ordinary.
Facts speak louder than ideology:
• Annual remittances (2024–25): ~₹2.16 lakh crore — nearly ₹19,000/month per family.
• Remove this inflow, and Kerala’s per capita income collapses from ~₹2.8 lakh to ~₹1.15 lakh. By the way even with this it is nearly same as Uttarakhand’s ~₹2.7 lakh.
• NRI deposits: ₹3 lakh crore; remittance share: ~20% of India’s total.
Kerala doesn’t manufacture prosperity — it imports it.
Its real export is its people.
If Gulf remittances are proof of “development,” then the Bihari migrant in Delhi or Dubai deserves the same applause.
The myth of the Kerala model survives not on productivity, but on nostalgia and narrative.
Kerala’s “model” is an illusion built on the export of labor, not the creation of wealth.
Strip away the Gulf money, and the so-called miracle looks ordinary.
Facts speak louder than ideology:
• Annual remittances (2024–25): ~₹2.16 lakh crore — nearly ₹19,000/month per family.
• Remove this inflow, and Kerala’s per capita income collapses from ~₹2.8 lakh to ~₹1.15 lakh. By the way even with this it is nearly same as Uttarakhand’s ~₹2.7 lakh.
• NRI deposits: ₹3 lakh crore; remittance share: ~20% of India’s total.
Kerala doesn’t manufacture prosperity — it imports it.
Its real export is its people.
If Gulf remittances are proof of “development,” then the Bihari migrant in Delhi or Dubai deserves the same applause.
The myth of the Kerala model survives not on productivity, but on nostalgia and narrative.