Economic Review Meet

Finance Ministry highlights macro stability, low inflation and monsoon outlook as strengths while warning of global risks and the need for strategic trade agreements

The Economic Review for 2024-25 presented by the West Bengal government in the assembly on Wednesday said that the state had achieved growth over the years through fiscal discipline. The review said that in the last 13 years, the West Bengal economy has witnessed tremendous growth. The size of the economy, measured in terms of nominal gross state domestic product (GSDP) has reached a level of Rs 18,15,010 crore in 2024-25. In the same fiscal, the state economy is estimated to grow by 6.80 per cent in real terms. According to the review, fiscal health of the state has improved impressively in the last 13 years. The state's own tax revenue collection has risen by more than four times between 2010-11 to 2023-24. On the other hand, capital expenditure has been consistently increasing since 2011-12. Also, government spending on agriculture and allied sector, rural development and social welfare schemes has increased enormously, the review said. On account of effective fiscal consolida

In its latest Monthly Economic Review, the Ministry said global economic developments remain complicated in November, and that fiscal and monetary policymakers need to remain vigilant

The meeting comes in the backdrop of the Indian currency touching its lifetime low of 72.91 to a dollar, depreciating 12.3% since the beginning of 2018