Bengal # 1 in terms of net growth in state domestic product per capita
Earlier this week, Niti Aayog CEO Amitabh Kant also said: “West Bengal is among the very few states to have recorded positive growth in the state’s gross domestic product (GSDP).”
RBI data further confirmed better budget management in Bengal compared to other states during the pandemic, Mitra said.
According to the RBI Handbook of Statistics, the growth in the state’s net domestic product per capita for West Bengal was 7.1%. Tamil Nadu reached 5.2% and Karnataka registered 1.6%.
However, in India as a whole, the growth in net domestic product per capita was -3.9%. The data shows that 12 states recorded negative growth figures in this regard. Some large states like Uttar Pradesh, Madhya Pradesh and Haryana had negative numbers. UP recorded -0.4% while for MP it was -4.7% and Haryana -3.2%.
Commenting on the RBI data, Mitra said, “West Bengal has shown the way for India under the leadership of Mamata Banerjee by ranking number one in terms of net growth per capita as estimated by RBI. He argued that some large states led by the BJP produced massive negative numbers.
According to him, the achievement demonstrates how the stimulation of demand and the cash on hand of ordinary people can achieve magical results in the midst of the pandemic.
West Bengal turned out to be one of only two states in the over 10 lakh crore club to experience positive GDP growth in the pandemic year, the other being Tamil Nadu.
Niti Aayog CEO also said that West Bengal, along with Bihar, Tripura and Sikkim, were among the very few states in the country to have recorded a positive GDP growth rate in 2020-2021, while the country as a whole recorded negative GDP growth of 7.7%.
West Bengal has the highest GSDP among any of these eastern states at Rs 13.7 lakh crore in 2020-21, followed by Bihar at Rs 7.6 lakh crore only. West Bengal is ranked 6th by the GSDP and experts pointed out that there is a considerable base upon which the growth has occurred.
The state finance minister, in his budget speech, delivered by CM Mamata Banerjee earlier this year, wrote that the state’s GSDP increased 2.9 times from 2010-11 to 2019-20 . He also wrote that the state’s tax collection had increased 3.5-fold from 2011 since Trinamool’s Congress came to power, and that the debt-to-GDP ratio had also fallen by 40.6 percent. in 2011 at 34.8% currently. Even the budget deficit had also fallen from 4.2% to 2.9% in the last count.
Shine in numbers
# Per capita increase in the state’s net domestic product in Bengal: 7.1%
# The national number is -3.9%; TN at 5.2% and Karnataka at 1.6%
# 12 states recorded negative growth figures
# Bengal has GSDP of Rs 13.7L cr and ranked in the top 6
# It is part of the 8 states of the club Rs 10 Lcr-plus GSDP