Varamozhi: Transliteration Based Malayalam Text Editor
Full user review
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"tremendously helpful and most useful"
Pros
I can type 70 wpm in English and this helps me to type in malayalam in the same speed even when I don't know malayalam typing. A big leap.
Cons
You have to find out and install malayalam fonts separately unless when you are not able to work. There should be some way to circumvent this.