Mamata Banerjee’s report card is out and, it’s grotesque

Just a few years in the past, in a speech in West Bengal, the then BJP President Amit Shah had stated that the state’s share within the nation’s GDP was 25 per cent on the time of independence and now it’s at a mere 4 per cent. So the query is, how a lot of the promised ‘poriborton‘ has Mamata Banerjee done in the state? And, who is to be blamed for this destruction of the economy of West Bengal? Are these the prevailing socio-economic policies at the national and international level or the incompetent governments of the state? Unfortunately, both of these contributed to make Mamata Banerjee’s West Bengal from one of many richest areas within the nation to one of many poorest.If we take a look at the historical past of the political financial system all over the world, poverty and Communism usually go collectively. Communism usually involves any nation or area and is adopted by poverty, authoritarianism, and restrictions to freedom of speech and one-party rule. The curse of Communism reached to the Indian state of West Bengal virtually 4 many years again in 1977 and destroyed the social, cultural and financial energy of the state. The regime which changed the Left Front authorities after 34 years was the Mamata Banerjee-led AITC – identified to be ‘Left of Left’, ideologically.Mamata got here to energy by opposing the financial reforms being applied by Buddhadeb Bhattacharya, the Communist CM who got here to energy in 2000. Bhattacharya needed to deliver non-public industries to West Bengal and purchased Special Economic Zone (SEZ), towards which the Mamata Banerjee-led TMC organized a protest with the slogan of ‘Ma Mati Manush’ (Mother, Motherland and People) and this led to Nandigram violence in 2007.Later in 2008, Mamata Banerjee’s opposition to Singur Tata Nano Controversy additionally received her immense publicity and in the end Banerjee was elected because the CM of West Bengal in 2011, because of her left to left stance on political financial system. During the regime of the Left, union strikes, harassment of businessmen and industrialists have been frequent phenomena. The communist leaders defamed the industrialist as ‘bourgeois’ and stored them at bay. And, this continued (truly accelerated) throughout Mamata Banerjee’s regime due to the TMC authorities’s ‘native vs outsiders’ (Bengali vs non-Bengali as many of the industrialists are Gujaratis and Marwaris) pitch.  The share of producing within the state GDP declined from 21 per cent in 1980-81 to a mere of 13 per cent. The Bank deposit within the state declined from 11.4 per cent of pan-India deposit to 7 per cent. On the infrastructure entrance, the index of Mamata Banerjee’s Bengal was 110.6 in 1980, which suggests it was 10.6 per cent higher than the remainder of the nation and it declined to 90.8 factors. On the opposite hand, the index figures for Odisha regularly improved from 81.5 to 98.9 factors.On Health and Education indicators, the state has been one of many poorest performers in the previous couple of many years. West Bengal was on eighth place within the listing of Indian states by HDI and slipped to twenty eighth in 2018– a large 20 place decline underneath the rule of the Mamata Banerjee-led TMC.  At the time of independence, Kolkata was among the many most efficient cities of the nation. Now, as per the report by PwC, Mumbai will probably be tenth in cities by GDP (Purchasing Power Parity) by 2025 with 594 billion {dollars} and Delhi will probably be on nineteenth place with 482 billion {dollars} whereas Kolkata doesn’t even seem on the listing.The state is among the many least industrialized states and fares a lot worse in each socio-economic indicator. The state used to have the best per capita revenue on the time of independence, however now its place has slipped to the nineteenth place. This knowledge alone is sufficient to inform us how badly the earlier governments carried out and the way the development even continued underneath Mamata Banerjee’s rule. At the time of independence, it produced 1 / 4 of India’s GDP, and now it’s on the sixth place, far behind Gujarat whose inhabitants is sort of half that of West Bengal.(Source: Livemint)Mamata Banerjee talks concerning the socio-economic welfare of the folks however the harsh reality is that the state has one of many worst taxes to GSDP ratio (the debt to GDP ratio) within the nation.The easy query is, if the state authorities doesn’t have cash, how will it spend on welfare schemes like well being, schooling and PDS? On the opposite hand, the state is sitting on an enormous pile of debt, which is amassed primarily as a result of earlier Left Front authorities. This clearly signifies that Mamata Banerjee has additionally contributed to this.(Source: Livemint)Moreover, the state additionally has one of many lowest capital expenditures. The fundamental purpose behind the difficulty is the surplus income expenditure by the Mamata Banerjee authorities on inefficient welfare schemes. The incapability to boost revenues and a bent to overspend on income expenditure too have crippled the capital expenditure within the state. Lower capital expenditure threatens the sustainability of the state’s progress path, in addition to the state’s capability to decrease the debt-GDP ratio.The Left Front and the Mamata Banerjee-led TMC Governments have clearly destroyed the financial system of the state and a regime change has now turn into a necessity to place Bengal again on the trail of progress. Only a regime change can deliver again the golden days of ‘Amar Sonar Bangla’.