West Bengal's Economic Surge: A Decade of Transformation

West Bengal has seen significant economic growth over the past decade, with a record budget outlay and increased tax collection. The state has focused on infrastructure and social services, reducing fiscal deficits and improving employment. Key achievements include a rise in capital expenditure and better fiscal management.

West Bengal's economy has experienced unprecedented growth in the last decade, achieving a record budget outlay of over Rs 4 lakh crore, as highlighted by Amit Mitra, the principal chief adviser to the chief minister.

In a media briefing post-Vote on Account presentation, Mitra detailed the substantial increase in the state's budget from Rs 84,000 crore in 2010-11, and the enhanced tax collection now estimated at Rs 1,18,669 crore.

He emphasized the strategic allocation of funds towards farmers, social services, and infrastructure, alongside a reduction in the fiscal deficit and unemployment rate, demonstrating improved financial governance and economic stability.

(With inputs from agencies.)