Assembly Elections 2016: Floats Of Fancy In West Bengal
Outlook|April 11, 2016

The more things change in Bengal, the more they remain the same.

Pragya Singh
Assembly Elections 2016: Floats Of Fancy In West Bengal

In January 2016, the most ‘poriborton’-friendly gentry of West Bengal huddled together under their eccentric but benevolent chief minister, Mamata Banerjee. They held the second Bengal Global Business Summit, with political bigwigs imported from Delhi—finance minister Arun Jaitley, railways minister Suresh Prabhu, power minister Piyush Goyal and roads minister Nitin Gadkari—joining an A-list of corporate honchos to tempt the elusive unicorn of private investment into the state.

After two days came the state govern­ment’s expected grand declaration: “Bus­iness announcements and document exchanges, expression of interest and investment proposals” worth Rs 2.5 lakh crore had been signed. It will be a while before anybody knows how many propos­ als fructify but the show was, at least, well­timed to grab maximum attention. Undoubtedly, the backdrop against which Bengal’s elections are being fought is ‘devel­ opment’. When a Tata firm shut shop in Calcutta last week, letting go or relocating to Jamshedpur some 300 employees, commentators made dire predictions for Bengal’s economic prospects. Without a clear uptick in the economy, Mamata’s Trinamool Congress (TMC) would find it harder to seek the voter’s mandate to carry on for another five years in a jobs­, cash­, ind ustry­ and investment­starved state.

This story is from the April 11, 2016 edition of Outlook.

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This story is from the April 11, 2016 edition of Outlook.

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