A Research Unit on ‘Kerala and the World Economy’ was set up at the CDS during 2016-17. This was made possible by the onetime endowment grant of Rs 300.00 lakh sanctioned by the Government of Kerala. Dr M. Parameswaran is the Convenor of the Unit for a period of two years.

In the meantime, the Government of Kerala has accepted a proposal from CDS for establishing an International Migration Centre at CDS. It is planned to merge this unit which carries a grant of  Rs 2 crore with the 3 crore granted earlier for the Research Unit on Kerala and World Economy. This  merger will help start the new endowment unit with a corpus of 5 crore, under the title ‘Research Programme on International Migration from Kerala (R-PIMK)’.