West Bengal’s 2024 economy: Story of growth amid challenges
2 weeks ago

West Bengal’s 2024 economy: Story of growth amid challenges

Live Mint  

Kolkata, Dec 26 West Bengal's economic narrative in 2024 was one of striking contrasts -- steady growth and fresh investments juxtaposed with fiscal concerns and a worrying trend of industry flight from a perceptively "non-investor friendly" state. The state demonstrated a significant economic expansion outlook, with its Gross State Domestic Product projected to surge by 10.5 per cent in the 2024-25 fiscal, significantly outpacing the national average of 7.32 per cent and reinforcing its position as the fourth-largest economy in India, according to state industries minister Shashi Panja. The Micro, Small, and Medium Enterprises sector also displayed resilience, with the state looking to exceed its credit target of ₹1.53 lakh crore for the fiscal year 2024-25, building upon the previous year's achievement of ₹1.42 lakh crore and representing a 7.7 per cent increase. The inaugural edition of Bengal Shopping Festival 2024 in September drew over 1.5 lakh attendees, generating ₹100 crore in sales and boosting the state's retail appeal, the state government claimed.

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History of this topic

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn
2 months, 2 weeks ago

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn

The Hindu  

Karnataka's economy outperformed the national average with a GSDP growth of 10.2% in FY 2023-24, despite global economic challenges. The State's agriculture sector faced negative growth due to drought conditions, while its IT and hardware sectors were vulnerable to global recessionary fears. However, strategic governance and diversified growth drivers have ensured resilience. The State's per capita GSDP remains among the …

Budget 2024: West Bengal deprived, Budget politically biased says Mamata
5 months, 2 weeks ago

Budget 2024: West Bengal deprived, Budget politically biased says Mamata

The Hindu  

Alleging that West Bengal has been deprived in the Budget presented by Union Finance Minister Nirmala Sitharaman, the State’s Chief Minister Mamata Banerjee on July 23 dubbed it as a “politically biased Budget”. The Trinamool Congress chairperson accused the Bharatiya Janata Party led National Democratic Alliance government of “being envious of West Bengal” and said that the State received a …

‘Another step towards developed West Bengal’: PM unveils projects worth ₹15,000 crore
10 months, 1 week ago

‘Another step towards developed West Bengal’: PM unveils projects worth ₹15,000 crore

The Hindu  

Prime Minister Narendra Modi unveiled development projects worth ₹15,000 crore in West Bengal on March 2. “Today, we are taking yet another step towards a developed West Bengal. Today, again, I am laying the foundation of and inaugurating projects worth ₹15,000 crore,” Modi said. “These projects will provide momentum to West Bengal’s economic growth and create job opportunities,” he added.

Nirmala Sitharaman flays Bengal government over Sandeshkhali unrest
10 months, 1 week ago

Nirmala Sitharaman flays Bengal government over Sandeshkhali unrest

The Hindu  

Highlighting a number of economic indicators to mark the “decline” of West Bengal, Union Finance Minister Nirmala Sitharaman while addressing a gathering in the State on February 27 touched upon several political issues, including electoral violence and the recent unrest at Sandeshkhali. While the allegations of sexual assault and land grab at Sandeshkhali were highlighted by the Bharatiya Janata Party …

Sops galore in West Bengal Budget 2024-25 ahead of Lok Sabha polls
11 months ago

Sops galore in West Bengal Budget 2024-25 ahead of Lok Sabha polls

The Hindu  

Ahead of the upcoming Lok Sabha polls West Bengal government’s Budget for the 2024-25 had a slew of policies for social welfare and sops for every sector from women, government employees and contractual employees. Minister of State Chandrima Bhattacharya tabled ₹3,66,166 crore Budget by doubling the monthly financial assistance under the ‘Lakhsmi Bhandar’ scheme, increasing the Dearness Allowance to government …

Budget 2024: Can India become a $7 trillion economy by 2030?
11 months, 1 week ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

'Release pending central funds to Bengal', Mamata Banerjee writes to PM Modi
11 months, 3 weeks ago

'Release pending central funds to Bengal', Mamata Banerjee writes to PM Modi

India Today  

West Bengal Chief Minister Mamata Banerjee on Tuesday wrote to Prime Minister Narendra Modi, seeking the release of pending financial dues to the state by the Centre. According to sources, the West Bengal government has stated that the Centre did not release Rs 7,000 crore as funds for the ration of the state. On December 20, 2023, Banerjee met PM …

Bengal receives worth Rs 3.76 lakh crore investment proposals at business summit
1 year, 1 month ago

Bengal receives worth Rs 3.76 lakh crore investment proposals at business summit

India TV News  

West Bengal has received investment proposals worth over Rs 3.76 lakh crore during the business summit that concluded today, informed Chief Minister Mamata Banerjee. Reliance to invest additional Rs 20,000-crore investment in Bengal Yesterday, Reliance Industries Chairman and MD Mukesh Ambani announced an additional Rs 20,000-crore investment for West Bengal over the next three years. We plan to invest an …

'Bengal a gamechanger for world': Mamata Banerjee in Spain
1 year, 3 months ago

'Bengal a gamechanger for world': Mamata Banerjee in Spain

India Today  

The West Bengal Chief Minister Mamata Banerjee, who is on her 11-day foreign trip, addressed potential investors and members of the Indian diaspora in Spain's Barcelona, to woo foreign investment and bring them to the state. Stating that the commitment to women's empowerment is too high in Bengal, she said that the government has launched initiatives to provide free education, …

‘India will be created anew ahead of 2024 Lok Sabha election’: Mamata Banerjee
1 year, 5 months ago

‘India will be created anew ahead of 2024 Lok Sabha election’: Mamata Banerjee

The Hindu  

Published : Jul 21, 2023 20:10 IST - 5 MINS READ After her party’s resounding victory in the recent panchayat election, West Bengal Chief Minister and Trinamool supremo Mamata Banerjee seems to have turned her attention to taking on the Bharatiya Janata Party at the Centre in the 2024 Lok Sabha election. At the annual “Martyr’s Day Rally” held by …

Growth in India is expected to slow to 6.3% in FY2023: World Bank
1 year, 7 months ago

Growth in India is expected to slow to 6.3% in FY2023: World Bank

The Hindu  

Growth in India is expected to slow to 6.3 % in FY 2023/24, a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. “Growth in India is expected to slow further to 6.3 % in FY 2023/24, a 0.3 …

Centre won’t release funds to West Bengal till 2024, says Mamata
1 year, 8 months ago

Centre won’t release funds to West Bengal till 2024, says Mamata

The Hindu  

West Bengal Chief Minister Mamata Banerjee on May 5 said that the Centre will not release funds to the State till the 2024 Lok Sabha poll. Ms. Banerjee said West Bengal has been deprived of funds under the scheme despite securing the first place in the 100 days work scheme for five consecutive years. I would urge all DMs, Panchayats, …

World Bank slashes India’s GDP growth forecast to 6.3%
1 year, 9 months ago

World Bank slashes India’s GDP growth forecast to 6.3%

Hindustan Times  

The World Bank on Tuesday cut India’s growth forecast for 2023-24 to 6.3% from its December estimate of 6.6% amid global headwinds and with rising borrowing costs and slower income growth leading to a moderation in consumption, even as its country director Auguste Tano Kouame said the Indian economy continues to show strong resilience to external shocks. World Bank slashes …

West Bengal govt says no leaves on 20-21 Feb as staff call for 2-day cease-work
1 year, 10 months ago

West Bengal govt says no leaves on 20-21 Feb as staff call for 2-day cease-work

Live Mint  

As platform of state government employees called for a two-day cease work on 20-21 February in protest against the "meagre" hike in their dearness allowance, the West Bengal government has now said that no employee will be granted casual or any other leave for the 48 hour strike. Finance Minister Chandrima Bhattacharya while presenting the budget on February 15 announced …

Mamata Claims Bengal Business Summit a 'Runaway Success' as Oppn Reminds CM of Past Promises
2 years, 8 months ago

Mamata Claims Bengal Business Summit a 'Runaway Success' as Oppn Reminds CM of Past Promises

News 18  

Investment proposals to the tune of Rs 3.42 lakh crore, which would potentially create nearly 40 lakh new jobs in the state, were received in just two days of the sixth edition of the Bengal Global Business Summit, 2022. So claimed Bengal Chief Minister Mamata Banerjee during the summit’s valedictory session amid strong doubts expressed by leaders of opposition parties …

Adani vows to invest Rs.10K crore in Bengal over next 10 years
2 years, 8 months ago

Adani vows to invest Rs.10K crore in Bengal over next 10 years

Deccan Chronicle  

Kolkata: In a first, top industrialist Gautam Adani on Wednesday pledged to invest over Rs 10,000 crores in West Bengal to create more than 25,000 jobs across various sectors in the next 10 years. The Adani Group investment in Bengal will expand in world-class infrastructure, a state-of-the-art data centre and undersea cable that will connect them across the ocean, centres …

West Bengal Business Summit 2022: CM Mamata Urges Guv To Tell Govt Not To Harass Industrialists
2 years, 8 months ago

West Bengal Business Summit 2022: CM Mamata Urges Guv To Tell Govt Not To Harass Industrialists

ABP News  

New Delhi: Addressing a gathering at the Bengal Global Business Summit in Kolkata on Wednesday, Chief Minister Mamata Banerjee urged Governor Jagdeep Dhankhar to tell the central government not to harass industrialists through central agencies. #WestBengal Chief Minister #MamataBanerjee urging Governor Jagdeep Dhankar to ensure that "industrialists are not disturbed by central agencies" created political ripples in the state on …

Demographic imbalance in West Bengal a growing menace: Report
2 years, 9 months ago

Demographic imbalance in West Bengal a growing menace: Report

Op India  

The demographic imbalance in West Bengal has become a growing cause of concern. Describing the unmatched scenic beauty of these small hamlets in West Bengal, the Organiser journalist said that there are limitless business opportunities here since the land in this area of West Bengal is very fertile and hundreds of small villages are attached to and dependent on each …

World Bank Report Predicts 8.3% Growth Rate for India Amidst Global Slowdown
2 years, 11 months ago

World Bank Report Predicts 8.3% Growth Rate for India Amidst Global Slowdown

The Quint  

The report added that India's economic growth rate would be faster compared to its South Asian neighbours. Pakistan's economy, on the other hand, according to the same report, will grow by 3.4 percent and 4 percent in the current and next fiscal years. On an average, the report also says that growth in emerging and developing economies will remain 4 …

World Bank revises India’s GDP growth forecast from 5.4% to 10.1%
3 years, 9 months ago

World Bank revises India’s GDP growth forecast from 5.4% to 10.1%

Op India  

The World Bank has recently increased its projections for India’s economic growth by 4.7 percentage points to 10.1 per cent for Financial Year 2021-22, citing a strong rebound in private consumption and investment growth. However, given the uncertainty that plagues the world, the World Bank has provided a range of economic growth for India— 7.5 to 12.5 per cent, according …

Indian economy to become 5th largest in next 5 years: Reports
4 years ago

Indian economy to become 5th largest in next 5 years: Reports

Op India  

Amidst the economic slump caused due to the outbreak of the Wuhan Coronavirus, India is projected to overtake the United Kingdom to become the fifth-largest economy in the world by 2025. This growth trajectory will see India become the world’s third-largest economy by 2030, overtaking the UK in 2025, Germany in 2027 and Japan in 2030,” the think tank noted. …

West Bengal suffered losses of Rs 1 lakh crore due to Cyclone Amphan, says CM Mamata Banerjee
4 years, 7 months ago

West Bengal suffered losses of Rs 1 lakh crore due to Cyclone Amphan, says CM Mamata Banerjee

Hindustan Times  

Chief Minister Mamata Banerjee on Friday said that West Bengal has suffered losses to the tune of Rs 1 lakh crore due to cyclone Amphan that has devastated the state. West Bengal chief minister, Mamata Banerjee said she has briefed the Prime Minister in detail about the post-cyclone situation in the state. Banerjee said she has briefed the Prime Minister …

West Bengal announces 10 per cent EWS quota in government jobs
5 years, 6 months ago

West Bengal announces 10 per cent EWS quota in government jobs

India TV News  

The Mamata Banerjee government in West Bengal Tuesday announced 10 per cent reservation in government jobs and educational institutions for the economically weaker sections in the general category, state minister Partha Chatterjee said. These details will be mentioned in the government order that will be issued soon," Parliamentary Affairs Minister Partha Chatterjee said. Backward Classes Welfare Minister Rajib Banerjee said …

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