After a two and half decade, KM Mani has become the finance minister of Kerala!!!! It is absolutely trivial. What does he know about the Kerala economy that is not at all insulated from globalized and liberalized economic structure?
He may be aware of the concerns of Rubber, pepper, cardamom growers.It is known that their interests always rely on the price fluctuations of such produces in the national and international markets. The current economic arena is not merely confined to the trade and commerce of such produces. It is the high time of abundant international fiancé capital which gets exported and imported by judging the pace of the economies of each country. Indeed, a sea change has occurred in the global economy over the past decades.
Pace of economic developments in each state in India has been highly influenced by the investment of Indian Corporates and inflow of Foreign Direct Investment (FDI). Attracting investment from various national and international sources has mainly been depending on the tax structure that needs to be reformed by protecting the interest of state as well as investors. And it needs expertise in the current economic theory and practice.
The finance minister, KM Mani, ‘the authoritarian ruler’ of Pala constituency, who represents the age-old economic perception, is not at all seemed to be a vibrant finance minister with robust economic perception befitting the current financial business based on the inflow of finance capital from national and international quarters. It is doubtful that whether the political leaders like KM Mani have any exposure to the nature of the economic trend in progress.
No doubt that Mani is only familiar with his own economic theory, Working Class Theory, based on the concerns of the settlers who have been the inhabitants in the hilly districts of Kerala including Idukki, Wynadu, Palalkad etc. These settlers, who have been very keen to trespass the reserve forest land, are hard workers with regards to developing such land into cultivable land. Such settlers are seemed to be termed as the working class in Mani’s theory. It is fact that they have put their maximum effort in cultivating cash crops in Kerala and, thereby, helped the economy to earn foreign exchange from the export. No doubt, these kind of constructive contributions of the settelers could not be underestimated. Indeed, Mani’s economic insight has necessarily been meddling with the maximum interest of settlers. Could we expect a scientific and dynamic economic measures aiming to transform our state into a new hub of sustainable development from the financial minister with such "insurmountable" limitations?
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