View: Is West Bengal’s economy really growing? Making sense of the state’s GDP numbers

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While different states needed to cope with the problem of a Covid-instigated financial slowdown, West Bengal needed to moreover cope with the May 2020 Amphan supercyclone and its disastrous financial affect.

Synopsis

But whereas Kerala’s finances reveals a contraction, West Bengal reveals a pointy 8% progress in nominal GDP, in opposition to a 4.2% contraction for India. This, if it materialises, can be a exceptional achievement, particularly in these pandemic instances, and will have a soothing affect on West Bengal’s debt that’s at Rs 5.25 lakh crore, which is greater than one-third the dimension of West Bengal’s economy — each FY2021 and FY2022 estimates at Rs 13.5 lakh crore and Rs 15.1 lakh crore respectively.

After the Union finances, the focus is on state budgets. With the Indian economy set to contract, based on Central Statistics Office (CSO) estimates, by 7.7% of its GDP, gross state home merchandise (GSDP) are additionally more likely to contract in FY2021. But whereas Kerala’s finances reveals a contraction, West Bengal reveals a pointy 8% progress in nominal GDP, in opposition to a 4.2% contraction for India.This, if it materialises, can be a exceptional achievement,

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