Perspective of Rate of Economic Growth in West Bengal-an Investigation since 1950s

Abstract

Dilip Kumar Saha Abstract: India became free from the clutch of British Colonialism in the year 1947 inheriting a very remarkable low rate of economic growth. For this the then nation builders gave notable emphasis to accelerate the rate of economic growth of Indian politico-economic system and formed different states by means of formulating and implementing five years economic plans since the year 1951. And till today 12 such plans have been formulated and implemented. The state economy of West Bengal being a sub-system under this politico-economic system has taken share in the stated planned growth process. Besides this, sub-system has also implemented a lot of economic schemes and programmed at its own capacity since the fore-mentioned year to achieve accelerated rate of economic growth. Presently at various levels of the society in West Bengal, the rate of growth of the state economy of West Bengal has been a matter of theoretical debate. However, an economy has whether been receding or forwarding economically may be unearthed with the help of taking an account of the movement of its rate of growth overtime. So, in connection with the stated issue the problem to be studied here is to search out the prospect of growth performance of the state economy of West Bengal since the inception of first five year plan. More categorically whether the rate of economic growth is retarding or accelerating is the question to be answered within the periphery of the present study. Key word...