Notes and Study material for Exams
West bengal economy updates Gross State Domestic Product (GSDP) The Gross State Domestic Product (GSDP) of West Bengal for 2019-20 (at current prices) is estimated to be Rs 13,14,529 This is 14% higher than the revised estimate for 2018-19. Total expenditure Total expenditure for 2019-20 is estimated to be Rs 2,37,964 crore, a 4.9% increase … Read more
West Bengal Trade and Commerce:- Trade and Commerce Bengal enjoyed prosperity through trade and commerce from time immemorial. The multitude of rivers afforded easy Communication for internal trade and Bengal’s location on the bay of bengal offered her the opportunity of participating in sea-borne trade and commerce, the tradition of which seems to have been … Read more
West Bengal PUBLIC FINANCE and Fiscal Policy West Bengal government’s finances are the worst among 5 highly-indebted states of India. the entire debt burden of province is near rupees two lakh crores implying that the debt burden of each citizen of the state is over twenty thousand rupees (The Times of India, May 30, 2011) … Read more
West Bengal Human Development index India’s sixth largest economy is West Bengal which recorded a gross state domestic product (GSDP) of US$ 132.86 billion in 2014-15. Further, it’s the 2ndmost densely populated state within the country, and is home to one of the most important domestic consumer markets. West Bengal GSDP expanded at a compound … Read more
WEST BENGAL PLANNED DEVELOPMENT West Bengal has the fifth-highest GSDP in India in 2015 , registering a Growth rate of 17.11% in 2013–2014 and 13.35% in 2014–2015. agriculture is the leading economic sector in West Bengal. The state has been observed that there has been a slow but steady decline in the Percentage share of Industry … Read more
West Bengal: Food Security Income difference causes structural issues that may cause hindrance in economic process, food security, POVERTY and social unrest. Therefore, the pattern of income distribution could be a matter of the concern to the economists for an extended time. Difference in income distribution compels to measure in poverty for a considerable portion … Read more
West Bengal: Government Schemes and Projects West Bengal is located in the eastern part of India. It is bounded on its north by Bhutan and the state of Sikkim, on its east by Bangladesh, on its northeast by the state of Assam, on its south by the Bay of Bengal, on its southwest by the state of Odisha, … Read more
West Bengal: Tax and Economic Reforms During the last two decades West Bengal has led the rest of the country with regard to agricultural performance and implementation of panchayat institutions. But these developments have begun to level out. At the same time the state has fallen behind in other sectors–Industry, higher Education and state of … Read more
An Introduction to West Bengal economy:- West Bengal is situated in eastern India and Shares its borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. The state also shares international borders with Bangladesh, Bhutan and Nepal. The Bay of Bengal is in the south of the state. Steady Growth along with Fiscal Consolidation has been the … Read more
Main Features of budgets of West Bengal :- In Feb 2017 West Bengal Finance Minister Amit Mitra presented tax-free Budget even as the redemption of market loans is set to peak at the beginning of the next financial year, further constraining the state’s weak finances. Budget provides value-added tax (VAT) relief to small businesses and … Read more