Keralam Approves Approach Paper for 15th Five-Year Plan
Keralam has approved the approach paper for its 15th Five Year Plan. The plan aims to raise the state's GSDP from ₹16 lakh crore to ₹28 lakh crore by the end of the plan, with a 7% yearly growth rate. It will be prepared in project mode using the SMART framework.
Context
Context: Five-year plans set a state's spending and growth goals for several years ahead, acting as a development roadmap. GSDP, or gross state domestic product, is the total value of goods and services a state produces in a year.
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