WB facing financial mismanagement, high debt leaving no fiscal room to implement any scheme: FM Sitharaman

Posted on:
Key Points

Kolkata: West Bengal has been facing financial mismanagement and its high debt is leaving no fiscal room to implement any scheme that the state government has promised, finance minister Nirmala Sitharaman said Tuesday, criticising the Mamata Banerjee-government for the financial and economic mess...

She said that the eastern state's annual per capita income growth has been lower than the national average for two decades while it contributed merely 3.5% of the country's total industrial production in 2020-2021, against 25% during Independence...

"Everytime I see these kinds of numbers, my heart sinks in grief," Sitharaman said at an event at the National Library in Kolkata, organised by Khola Hawa India, in which former BJP Rajya Sabha MP Swapan Dasgupta is one of the founding members.. ...

She stressed that West Bengal has been one of the major beneficiaries of the nation's infrastructure push since 2014 and now the state government needs to work hand-in-hand to get the benefit out of it...