The silent resurrection of West Bengal against the backdrop of continued smear campaign, often bordering on abuse
By Shantanu Basu* In the past few months, there has been an unseemly smear campaign, often bordering on the abusive, against the state of West Bengal (WB) and Bengalis, not based on hard facts but on amnesiac recollection and horror storytelling. I therefore recount in the following paragraphs the silent resurrection of WB, entirely based upon Govt. of India’s official statistics. WB’s own tax revenues have increased by about 25% combined with a four-fold hike in total capital expenditure in 2012-15. Capital expenditure on social sector has risen over five-fold and matched by a three-fold increase in capital spending on economic services. The budget revenue deficit is down by three-quarters from 2012-15. Tax revenues have risen by about 50% although there is marginal improvement in non-tax revenues. Against the national compound annual growth rate (CAGR) of GDP of 12.27%, WB’s CAGR stands at a creditable 14.27%. Revenue recoveries measured by the buoyancy over the state’s own taxes ha...