Bengal numero uno in growth rate
West Bengal

Bengal numero uno in growth rate

Agency News

Kolkata, Aug 12 : Bengal has achieved the highest growth rate in the country – 12.58 per cent in the financial year (FY) 2018-19. Chief Minister Mamata Banerjee has congratulated everyone and said, " This was in sharp contrast to the deep recession and policy paralysis that has engulfed the country, courtesy the policies of the Union Government. " " As a result, there has been a significant decline in the overall growth rate in the country as well as the highest rate of unemployment in 45 years, " she said, adding, "In recent months, the automobile and leather sectors saw job losses to the tune of 3 lakh. "

"On top of so much unemployment, the Centre is actively pursuing the disinvestment of 45 public sector companies. This will lead to further loss of jobs for lakhs of people," she noted. "And on the other hand, Investment in new projects has plunged to a 15-year low in the quarter ending June 2019 " " Implementation of new projects worth Rs 13 trillion has stalled, according to the well-respected business and economic data research company, Centre for Monitoring Indian Economy (CMIE).

This is the highest value since it began compiling data in 1995, " the Chief Minister commented. " Foreign Direct Investment (FDI) has shown a negative growth rate of 1.09 per cent in FY 2018-19, as compared to 2017-18, " she said. Mamta exhorted people to realise the "true situation India has been dragged into by the government".UNI