New approach to Economic Development in Developing Countries: Case Study of India - Kerala state

Dinu Pattattu Thilakan

Master's thesis

Abstract:

This diploma thesis reviews the economic development of Kerala State in India, its peculiar "Kerala Model," and investments in health, education, and social welfare. The research seeks to define development in recent literature, analyze Kerala's economic trajectory, and highlight strategies for overcoming the continuing challenges. Using qualitative and quantitative approaches, such as time series, descriptive, and regression analyses, the paper finds that Kerala has consistently experienced GDP growth, brought down poverty to a low single digit, and expanded access to electricity. It also faces volatile unemployment and inflation, environmental degradation, and erratic foreign direct investment inflows. Such issues call for improving infrastructure, promoting sustainability, increasing regional equity, and enhancing the capabilities of the workforce. The findings indicate that the Kerala model of development is an exemplary example of inclusive and human-centered policy, but it has to be further adapted to achieve long-term sustainability. This study provides useful lessons for policymakers in the implementation of equitable and sustainable development strategies globally.

Keywords

economic development, poverty, economy

Language used: English

Date on which the thesis was submitted / produced: 3. 4. 2025

Thesis defence

• Date of defence: 4. 2. 2026
• Supervisor: doc. Ing. Vladimír Krepl, CSc.
• Reader: Ghaeth Fandi, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme:
Economics and Management