January 20, 2017
Bengal has turned around under CM Mamata Banerjee
The third edition of Bengal Global Business Summit is being held at Milan Mela Grounds with participation from business delegates from around the world.
In the last five years, Bengal has witnessed unprecedented growth under the leadership of Mamata Banerjee. Power cuts are a thing of the past; the State has formulated new policies for industry, MSME, land use, textile, maritime, tourism.
There has been a large-scale growth in infrastructure and Bengal is now the fourth largest State economy in the country. The humane-government has also excelled in social-sector development.
Here are some hard figures of the unprecedented development in Bengal since 2011:
Economic Parameters
Growth Rate of Bengal is far above the Growth Rate of India at Macroeconomic level –
|
India |
Bengal |
|
|
Gross Value Added (GVA) |
7.3 | 12.02 |
|
Industrial Sector |
7.3 |
10.59 |
|
Agricultural Sector |
1.1 |
5.55 |
|
Services Sector |
9.2 |
13.99 |
1. GSDP (at current Prices)
2010-11 – Rs 4,60,959 Cr
2015-16 – Rs 9,39,471 Cr
2. Fiscal Deficit (as a percentage of GSDP) has been brought down
2010-11 – 4.24%
2015-16 – 2.68%
3. Revenue Deficit has been brought down
2010-11 – 3.75%
2015-16 – 1.03%
4. State’s own Taxes has doubled in four years
2010-11 – Rs 21,129 Cr
2015-16 – Rs 49,920 Cr
5. Plan expenditure of the Government has gone up by 3 times
2010-11 – Rs 14,615 Cr
2015-16 – Rs 54,069 Cr
Plan Expenditure in social sector has increased by 4.5 times
- Agriculture and Agri-allied sector has grown by 7 times
- Physical Infrastructure has grown by 4 times
Capital Expenditure has grown by 7 times
2010-11 – Rs 2,226 Cr
2015-16 – Rs 15,947 Cr
Growth of Infrastructure and Human Capital
- 10,663 kms of new highways constructed and upgraded in the last 5 years
- 10,000 kms of rural roads constructed and upgraded in the last 5 years
- 100% electrification with quality power provided – No power cuts
- 2,510 new Primary Schools and 3,452 Junior High Schools opened in the last 5 years
- 1,852 Secondary Schools have been enhanced to Higher Secondary stage in the last five years
- 46 new Government Colleges have been opened in the last five years
- 7 new State-aided Universities and 8 new Private Universities have been set up in the last five years
- 81 new Polytechnic Colleges have been opened in the last five years compared to 65 in 2011, thus totaling to 146
- 170 new Industrial Training Institutes (ITIs) have been opened in the last five years compared to 80 in 2011, thus totaling to 250 ITIs
- Significant Investment Flows between 2011 and March 2016
