Indian Economy: Rising State Debt Crisis in India Explained #indianeconomy #debt #india

Added: 2026-05-18

[00:00:00]Now, debt stands at an enormous rupees 7.71 lakh crore, which is the fifth highest among states. And the FDI share, if you look at it, of foreign direct investment share of West Bengal, it is just a tiny 0.7%.

[00:00:16]Now, if you add welfare, and if we saw Mamata Banerjee's Lakshmi Bhandar reached over 20 million women at a cost of 26,000 crore rupees, and this was annually. Uh Mamata Banerjee's government paid rupees 1,500 per month to general category women and rupees 1,700 to reserve category women.

[00:00:38]Now, the BJP has promised rupees 3,000 per month.

[00:00:41]That would push the annual bill to nearly rupees 72,000 crore. Just one scheme alone could swallow massive fiscal space.