West Bengal eyes 5X bigger economy by 2047, significant growth gaps identified: ORF report
New Delhi, Sept. 18 -- 'Bikoshito Bongo: An Evidence-Based Policy Roadmap for West Bengal's 5X Economy', a special report published by the Observer Research Foundation (ORF), examines the conditions required for West Bengal to achieve a fivefold expansion of real GSDP by 2047.
Authored by Nilanjan Ghosh, Arya Roy Bardhan, Kumkum Mohata, and Diya Shah, the report identifies a significant growth gap: the 5X ambition requires sustained annual growth of 7.25 per cent, compared with the state's 4.69 per cent trend growth between 2011-12 and 2024-25.
Manufacturing and other services are the two major sectors currently growing above this threshold, while agriculture, which accounts for 22.24 per cent of value added, has grown at 2.89 per cent....
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