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  • 2024-08-17
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পশ্চিমবঙ্গের বর্তমান অর্থনৈতিক অবস্থা
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Описание к видео পশ্চিমবঙ্গের বর্তমান অর্থনৈতিক অবস্থা

Current Economic Growth in West Bengal - August 2024

West Bengal's economy is showing promising signs of growth, with the state's Gross State Domestic Product (GSDP) projected to grow by 10.5% in the 2024-25 fiscal year. This growth rate is notably higher than the national average, positioning West Bengal as the fourth-largest economy in India. The state's manufacturing sector has also outpaced national growth averages, reflecting the positive impact of policies aimed at creating a business-friendly environment.

However, this economic expansion comes against a backdrop of significant fiscal challenges. The state's debt is set to rise substantially, reaching ₹6.93 lakh crore by the end of the 2024-25 fiscal year. Despite these challenges, the state government is investing in infrastructure and capital outlay, which is expected to increase by 17% over the previous year, focusing on long-term economic assets.

Key sectors contributing to this growth include services, manufacturing, and agriculture, with significant investments being made in Special Economic Zones (SEZs) and infrastructure projects, particularly in urban areas. However, concerns remain about the sustainability of this growth, given the state's heavy reliance on welfare schemes and its growing debt burden.

In summary, while West Bengal is on a positive growth trajectory, balancing this with fiscal responsibility remains a critical challenge for the state's economic planners.

For more detailed insights, you can check out articles from sources like [Business Standard](https://www.business-standard.com), [PRS India](https://www.prsindia.org), and [Wikipedia](https://en.wikipedia.org).


Current Economic Downturn in West Bengal - August 2024

West Bengal is currently experiencing economic challenges, with growth rates showing signs of slowdown. Despite previous robust expansion, the state's Gross State Domestic Product (GSDP) is under pressure, with key sectors like manufacturing and services facing headwinds. The slowdown is partly attributed to high fiscal deficits and mounting debt, which has reached an alarming ₹6.93 lakh crore by March 2024.

The economic difficulties are further compounded by insufficient industrial investment, especially in rural areas, and ongoing fiscal strain from the state's welfare schemes. The state's infrastructure spending, though planned to increase, has been under-executed, which has impacted potential growth and employment opportunities.

As the state grapples with balancing welfare obligations and fiscal responsibility, concerns are growing about the sustainability of its economic model. Economists are urging structural reforms to attract investment and reduce dependency on debt, to prevent the state from falling into a deeper financial crisis.

For more detailed analysis, refer to [Business Standard](https://www.business-standard.com), [PRS India](https://www.prsindia.org), and [The Shillong Times](https://www.theshillongtimes.com).



#cpiml #tmc #tmcvsbjp #bjp #bjpbengal #sfi #dyfi #suci #bengali #views

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