Thiruvananthapuram: With the Middle East losing its gripping charm due to falling oil prices and no proper records of the actual number of returnees, a new diaspora study covering 25,000 households has been launched to get to the bottom of the Gulf dream.
The study aims to analyze the current, medium and long-term consequences of important developments like the global financial crisis of 2009, the drop in oil prices and the stricter immigration policies increasingly followed by countries worldwide and its impact on Kerala's economy.
S. Irudayarajan, who heads the study by the Migration Unit at the Center for Development Studies here said the study will examine ground realities and not to go by unfounded reports that there is a mass exodus from the Middle East.
"This new survey has been titled Kerala Migration Study-KMS@20. It is the eighth a series that began in 1998. The study would scan 25,000 Kerala households spread over all the 14 districts and the first results would emerge in April," Irudayarajan told IANS.
KMS is widely regarded as a reliable and authentic source of data for researchers and policymakers. Following the success of the Kerala model, similar initiatives have been launched in Tamil Nadu, Punjab, Goa and Gujarat, from where large numbers of people have spread out across the globe.
Irudayarajan pointed out that structural changes in the global oil market and the consequent fall in oil prices have posed fresh challenges to the oil-producing countries in the Middle East in the last few years.
"The repercussions are being felt in Kerala's economy and society which has been a consistent supplier of workers and a receiver of large amounts of remittances.
Additionally, the governments in Gulf countries have been progressively evolving institutional arrangements and programs aimed at promoting the employment of their own nationals," Irudayarajan said.
The KMS-2016 study, had shown a drop in the number of Kerala emigrants abroad from 2.4 million in 2014 to 2.24 million in 2016 -- a drop of 160,000 lakh.
The state had 1.36 million emigrants when the first KMS was conducted in 1998.
The figure rose to 1.83 million in 2003, 2.19 million in 2008, 2.28 million in 2011 and peaked at 2.4 million in 2014.
He added that once the results are out later in the year, the state government can evolve appropriate interventions in education, employment and skill development of prospective emigrants as well as the re-integration of returnees into Kerala's economy and society.
Irudayarajan pointed out that it was wrong to come to conclusions solely based on the arrivals and departures from the three Kerala airports.
"The figures from the airports are only numbers and do not differentiate between workers and others, as they include women and children. Besides, there are a good number of Keralites who holiday in the Middle East. Our 2016 survey had already showed that there was a decline and now in a few months from now, we will bring out the actual picture," Irudayarajan added.
Remittances from migrants have been instrumental in sustaining Kerala's economy, constituting 36.3 per cent of the state's net domestic product. It is now widely accepted that migration has played a significant role in poverty alleviation and in raising the living standards of about one-third of Malayali households.
"Moreover, it is postulated that an additional one-third of the population is indirectly benefited from the economic opportunities created by remittances from abroad," Irudayarajan explained.
According to the figures released by the State Level Bankers Committee, the rate of growth of NRI deposits has come down of late.
If one looks at the deposits at the 6,339 branches of various commercial, scheduled and private banks, they stood at Rs 1,17,349 crore in June 2015, grew to Rs 1,42,668 crore in June 2016 and at Rs 1,54,252 crore in June 2017.