West Bengal's economic slide continues

At the end of March, its outstanding debt is expected to increase from about Rs 4.82 trillion in 2021 to about Rs 5.29 trillion in 2022 and further to a little more than Rs 5.86 trillion in 2023

Image
Premium

Ashok K Lahiri
With West Bengal Finance Minister Chandrima Bhattacharya’s presentation of the Budget for 2022-23, it is an appropriate occasion to look at the state’s economy, and the financial health and policy orientation of its government.

In terms of ranking by per capita income, West Bengal has fallen from seventh position among 25 states in 1980 to 21st among 29 states in 2018-19. In the 1950s and 1960s, West Bengal used to be compared to states such as Maharashtra and Tamil Nadu; now it has Andhra Pradesh, Chhattisgarh, Punjab, and Rajasthan as its peers. West Bengal, with a long coastline and international borders
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 21 2022 | 10:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com