State Share Of National GDP: West Bengal Saw Steepest Decline Under Mamata’s guideline|Economy News

New Delhi: Maharashtra, West Bengal and Tamil Nadu– house to India’s 3 largest industrial collections within the Nineteen Sixties– have truly seen their ton of cash finally break up when it entails their share of the nationwide financial scenario contemplating that 1960-61, with Mamata Banerjee- led state encountering the steepest lower– significantly after she got here to be the Chief Minister in 2011, a brand-new paper by the Economic Advisory Council (EAC) to the Prime Minister revealed onTuesday

While Maharashtra clocked usually constant effectivity all through the 1960-61 to 2023-24 length, West Bengal’s share has truly remained in fixed lower whereas Tamil Nadu, after a mid-way lower, acquired post-1991, in accordance with the EAC-PM paper which checked out the member of the family effectivity of states with regard to their share of the nationwide financial scenario and their per head GDP in accordance with cent of the nationwide customary.

West Bengal, which held the third-largest share of nationwide GDP at 10.5 p.c in 1960-61, presently makes up simply 5.6 p.c share in 2023-24. The state had a 6.7 p.c share within the nation’s financial scenario in 2010-11 when Mamata Banerjee presumed centimeters’s office.

“It (West Bengal) has seen a consistent decline throughout this period. West Bengal’s per capita income was above the national average in 1960-61 at 127.5 per cent, but its growth failed to keep pace with national trends. As a result, its relative per capita income declined to 83.7 per cent in 2023-24, falling below that of even traditionally laggard states like Rajasthan and Odisha,” the paper uncovered. .
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Maharashtra’s monetary effectivity has truly stayed pretty constant all through the length, no matter a light lower in its share during the last years.