Kerala's public debt has surged to 35% of its GDP, making it the highest among states, according to former Union Cabinet Secretary Chandrasekhar. The state faces challenges in the power sector, high unemployment, and low capital expenditure, with a 29.8% unemployment rate compared to 12.5% nationally. Chandrasekhar argues that the Centre should also reduce its own deficit to address the issue.
Source: businesstoday.in
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