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Can mamta Banerjee top Modi? Bengal aims for 10% economic growth

TheWest Bengal government is aiming for a  (SDP) growth of 10 per cent, twice the  of the entire country, according to its finance minister .

The SDP for  during 2013-14 was 7.71 per cent. His comments come at a time when the World Bank has scaled down its estimate for India's economic growth for this financial year to 5.5 per cent from 5.7 per cent projected in April.

"The growth rate of industrial production, agriculture output in West Bengal is above the national average. Our nation has seen growth but without jobs. InWest Bengal, both economic growth and job creation are given equal importance. The Mamata Banerjee-led government wants growth. We want 10 per cent rate ofgrowth in Bengal," Mitra, also the state's commerce and industries, and information technology minister, said during his speech in a banking seminar organised by the Indian Chamber of Commerce (ICC). He added the government was actively considering investment proposals from corporate houses that will promote growth and create jobs in the state. Future Group's chief executive Kishore Biyani has approached the government for 60 acres for a food processing park. The the total investment is estimated to be Rs 550-600 crore.



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"This is quite impressive for an option that offers assured returns," says Amol Joshi, Founder, PlanRupee Investment Service. "Investors should continue to take advantage of this long-term tax-free product," he adds. 

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