Much has been discussed and debated about the 'Kerala Model' of development over the last one decade. The state's fantastic growth figures in the late 1990's and early 2000, however, suffered badly over the last one decade. During this period, many experts had even written off the so called 'Kerala Model', as it is no longer viable.

However, the state is proving the critics wrong as it has come with a phenomenal achievement.

According to the state industrial department's data, the combined net profit of PSUs in the state is Rs 106.91 crore during the 2017-18 financial year. Considering the fact that the combined results aggregated a net loss of Rs 131.6 crore during 2015-16 period, this is something the state can actually be proud of.

One year into its tenure, during the 2016-17 period the LDF government brought down the loss from Rs 131.6 crore to Rs 80.67 crore. The financial year ending 2018 March gave more reason to cheer for the state government as the combined results of all PSU's aggregated a net profit of Rs 106.91 crore.

The total number of companies making profits increased from 11 to 14 as compared to previous financial year. While Kerala Minerals and Metals Ltd (KMML) tops the list of profit making companies with a net profit of Rs 195 crore, Travancore Kochi Chemicals came second with a net profit of Rs 33.17 crore during the same period.

The statistics released by state industrial department also shows that among the total 42 PSUs, 9 companies have managed to bring down their loss as compared to the previous year.

These numbers will come as a huge boost for the Left government in the state as the state cabinet-led by Pinarayi Vijayan has completed 2 years in the office.