Kerala Model of Development offers a viable alternative in the post-liberalisation era: K. Jayakumar

THIRUVANANTHAPURAM The Kerala Model of Development offers a viable alternative in the post-liberalisation era where market-led economy is not sensitive to the social and emotional needs of the people, but merely concerned with profits, former Chief Secretary K. Jayakumar has said. Mr. Jayakumar, who is currently president, Travancore Devaswom Board, was giving a public lecture on Saturday on ‘Has the Kerala Model of Development Outlived its Relevance?’ at the 92nd annual meeting of the Indian Academy of Sciences (IASc) held at the National Centre for Earth Science Studies (NCESS).

“The Kerala Model has not run its course. Rather, it needs renewal. It has to rediscover itself by synthesising with the power of the private sector. Private sector has given us a lot of facilities, but it cannot be trusted in times of crises,” he said.

Mr. Jayakumar said that the case is not for suppressing private enterprise, but for strengthening public capacity. Crises reveal what markets cannot reliably guarantee.