From 'Sone Ki Chidiya' To Falling On Loop: Bengal's Economy Dire; List Of Richest & Poorest States In India
As of September 18, 2024, West Bengal, once celebrated as the "Sone Ki Chidiya" of India for its industrial prowess and cultural wealth, is grappling with severe economic challenges.
The state’s economy has been on a downward trajectory, marred by rising debt, industrial stagnation, and shrinking investments. Experts cite poor infrastructure, political instability, and a hostile environment for businesses as key reasons for this decline.
West Bengal's GDP growth rate has significantly lagged behind India’s national average, with many residents facing high unemployment and inflation. The state’s government has struggled to attract new investors or revive ailing sectors like jute and tea.
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Meanwhile, a 2024 survey ranks Maharashtra, Gujarat, and Karnataka as the richest states in India, owing to their robust industrial output and diversified economies.
On the other hand, Bihar, Jharkhand, and Uttar Pradesh remain the poorest, continuing to battle widespread poverty, unemployment, and lack of infrastructure development.
As economic disparity between states widens, there is growing concern about the sustainability of India’s overall growth, with West Bengal’s plight highlighting the need for structural reforms across weaker regions.