Is West Bengal ‘practically bankrupt’? What the state’s finances reveal
- West Bengal’s debt stands at ₹7.02 lakh crore, equal to 38.66% of its GSDP, raising fiscal concerns.
- Salaries, pensions and interest payments consume over half of the state’s revenue receipts, limiting spending room.
- The state aims to keep its fiscal deficit at 2.9% of GSDP while targeting nearly 18% revenue growth in 2026-27.
- West Bengal is under financial strain, but ongoing revenues mean calling it technically bankrupt would be inaccurate.
Source: financialexpress.com
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