15th Five-Year Plan aims to accelerate Keralam’s economic growth through participatory development: K.M. Chandrasekhar

KOZHIKODE The 15th Five-Year Plan (2027–32) will seek to accelerate Keralam’s economic growth through participatory development, Kerala State Planning Board (KSPB) vice-chairperson K.M. Chandrasekhar has said. He was speaking at a meeting with people’s representatives and presidents of local self-government institutions in Kozhikode district as part of consultations ahead of the formulation of the 15th Five-Year Plan on Friday (November 13).

The Plan, envisioned around the concept of ‘Growth through Partnership’, aims to increase Keralam’s Gross State Domestic Product (GSDP) from the present ₹16 lakh crore to ₹28 lakh crore. Pointing out that nearly 77% of the State’s revenue was spent on salaries, pensions, and interest payments, Mr. Chandrasekhar said the annual allocation of around ₹23,000 crore available for capital expenditure would not be sufficient to achieve comprehensive development.

The State would have to integrate Centrally sponsored schemes with its own projects to mobilise maximum financial aid, he said.