New Delhi: Maharashtra, West Bengal and Tamil Nadu– dwelling to India’s 3 largest business collections within the Sixties– have truly seen their ton of cash finally break up when it includes their share of the nationwide financial state of affairs 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 typically 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, obtained post-1991, based on the EAC-PM paper which checked out the member of the family effectivity of states with reference to their share of the nationwide financial state of affairs and their per head GDP based on cent of the nationwide commonplace.
West Bengal, which held the third-largest share of nationwide GDP at 10.5 p.c in 1960-61, at the moment 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 state of affairs 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 over the past years.
