Scandinavian model is pretty much like this, except for the fact that our "communists" are actually rather moderate centrists who lean slightly to the left. Watered down, like everything else here is ;)
Hahaha that's hilarious! One diff in Kerala is that it has relatively high HDI and no real economy, which makes for interesting dynamics. Also means that for the ruling parties bringing money in is (or was) relatively uncoupled from actual industrial policy.