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LATEST NEWS UPDATES | The story of Bengal’s economy -Maitreesh Ghatak

The story of Bengal’s economy -Maitreesh Ghatak

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published Published on Apr 15, 2021   modified Modified on Apr 15, 2021

-Hindustan Times

Income and urban expenditure grew at below the national average. But rural expenditure grew faster, and there is a sharper dip in poverty levels

Poriborton, or change, was the buzzword 10 years ago when the Trinamool Congress (TMC) defeated the Left Front. This time around, one of the popular campaign slogans, used by the prime minister, is asol poriborton or real change. The demand for change clearly has not changed over the last decade in West Bengal. The question is — did anything actually change in the last decade, especially on the economic front?

Change is a tricky concept – it can be for better or worse. Also, to measure change, we need some benchmarks. Suppose we find West Bengal’s growth is higher or lower in the last decade compared to the previous one. It is possible that this reflects national trends. So, whether anything different is happening in the state has to be inferred after adjusting for the change in the all-India average growth rates over two decades. By a similar logic, if we just compare the West Bengal and all-India averages over the last decade and find that West Bengal has done better or worse, we need to check if the situation was similar or not in the previous decade to determine change.

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Hindustan Times, 15 April, 2021, https://www.hindustantimes.com/elections/west-bengal-assembly-election/the-story-of-bengal-s-economy-101618471498847.html


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