While two recent reports from the Associated Chamber of Commerce & Industry (Assocham) and research firm KPMG have pointed out Singur and Nandigram as the two recent incidents impacting investor's confidence in the state, Indicus Analytics' report has traced the decadence four decades back.
Bibek Debroy, noted economist and founder-director of Indicus Analytics, said: "While the country galloped, the state fell behind.According to Laveesh Bhandari, co-author of the report, "The report is not looking only at one or two incidents like Singur and Nandigram but at a larger perspective. It looks at the whole concept of special economic zone."
In 2007-2008, West Bengal's per capita GDP was Rs 29,457. This gives it the 18th rank in the country, said Debroy. Bhandari said that the state needs more transparency in land acquisition, apart from creating a land bank. On public private partnership projects, he said: My guess is PPP projects will not sustain for long as the government's attitude is not progress-oriented.