Kochi: The density of self-employment in Kerala is much lower than the national average, according to the Kerala Enterprise Report by the Kochi-based Institute of Small Enterprises and Development (ISED).
Kerala’s density of self-employment is 29, as against 51, at the national level, the report released in Kochi on Tuesday said.
“This gives a rather disturbing picture of entrepreneurial spirit getting dried up, against the accelerated choice of wage employment within and abroad by Keralites,” it said.
According to ISED unless the emerging pattern of employment in the state is closely monitored and corrective action taken immediately, Kerala, by all probability, is likely to turn into a complete ‘renteer economy’ in the near future.
The Report, sponsored by the State Industries and Commerce Department, jointly with the KSIDC, belongs to the Regional Enterprise Development Audit (REDA) programme of the Institute.
The report makes a stock- taking of Kerala’s achievements and concerns, especially against the rather difficult picture of the state’s economy, says Dr P.M. Mathew, director of the institute.
According to Dr Mathew the report provides the complete story of the state’s track record on enterprise and entrepreneurship.
Kerala State Industrial Development Corporation Chairman Christy Fernandez, experts from Planning Board and various government departments and financial sector attended the function.
