Regime change in West Bengal seems to have rekindled hopes of an industrial renaissance in the state. How difficult is this?
First, some data. Going by NITI Aayog's 2025 report, 'Macro and Fiscal Landscape for West Bengal', its share in national GDP declined from 6.8% to 5.8% between 1990-91 and 2021-22. Its per-capita income in 2021-22 was 20% below national average.