000			01998nam a2200217Ia 4500
008			241008s9999||||xx |||||||||||||| ||und||
022			_a0974-9306
100			_aL., Rajeeve _9122574
245		4	_aThe Impact of New Economic Reforms 1991 on Infrastructure Financing and Socio-economic Development of Kerala: An Appraisal after Three Decades
260			_bJournal of Infrastructure Development
260			_c2023
300			_a34-49
520			_aIndia's economic reforms of 1991 were a radical shift from the dysfunctional development strategy and a move away from the socialistic approach that the country had followed in the previous decades. The reform measures significantly changed lives by improving living conditions and alleviating poverty. The economic reforms of 1991 are considered a boon to the state of Kerala, which was facing severe constraints in sourcing finance for infrastructure projects. This research attempts to establish a cause-and-effect relationship between foreign direct investment (FDI), infrastructure development and economic growth during the pre- and post-reforms period in the state. The study explores this issue using econometric analysis done on time-series data from 1970 to 2020. It analyses the impact of infrastructure financing on infrastructure development and economic growth at an aggregate level considering the state as a unit of analysis, using a multivariate method. The results of the research indicate that infrastructure development and economic growth have a positive moderate relationship with change in FDI. The findings may be used as reference material for further research on the impact of investments on economic development.
650			_a Foreign Direct Investment (FDI) _9122137
650			_a Infrastructure Financing _9122575
650			_a Kerala
650			_a Socio-economic Development
650			_aNew Economic Reforms _9122576
700			_a Ganesh, C. _9122577
856			_uhttps://doi.org/10.1177/09749306231198899
999			_c134303 _d134303