The TMC claims it made great strides through initiatives via the Bengal Global Business Summit, bringing down the debt-GDP since Banerjee took office.
The TMC claims it made great strides through initiatives via the Bengal Global Business Summit, bringing down the debt-GDP since Banerjee took office. Four years into office, West Bengal Chief Minister Mamata Banerjee pivoted towards focusing on the Bengal Global Business Summit starting 2015, which encourages investments in Small, Medium, and Large Industries. The current government claims the state's growth ratio of debt stock reduced from 14.65 percent to 9.61 percent starting 2012, a year after coming to the office. While in 2019-2020, it came down to 33.3 percent. The fiscal deficit has also been brought down by 1.61 percent in the last nine-year.
According to a News18 report, Banerjee has brought down the state's debt-GDP ratio by 7.35 percent in the last nine years. In 2010-11, the debt-GDP ratio was 40.65 percent, while in 2019-20, it came down to 33.3 percent.
In 2019, the ruling party claimed that farmers' average annual income in West Bengal has tripled during the past eight years. It claims the average annual income of farmers has tripled between 2010-2011 to 2018.
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