GST Collection In Bengal Shows 2% Higher Growth Than National Average

The Chief Minister, Mamta Banerjee, posted on platform ‘X’ that it is been discovered that Bengal has registered 2% higher growth as compared to the GST collection at the national level for the financial year 2024-25.

Sha said that she is glad to share that West Bengal is steadily progressing in its own resource mobilization efforts, which is evident from the fiscal results compiled at the end of the FY 2024-25. In GST in ’24-’25, we have collected Rs 4,808 crore more than the preceding year, which shows 11.4% growth. This is 2% more than the national level (9.44%) and is demonstrative of our increasing internal financial strength.

West Bengal Chief Minister Mamata Banerjee highlighted significant growth in the state’s property market during the fiscal year 2024-25. She reported that the number of registered deeds increased by 60,000, indicating a vibrant and active market. This surge contributed to a rise in revenue from stamp duty and registration fees, with collections reaching Rs. 1,908 crore more than the previous year, a 31.05% growth. These figures reflect the state’s commitment to self-reliance and fiscal discipline, the motive to make finances simpler for the welfare of residents of West Bengal.

In her post, she wrote that all this shows that they believe in self-reliance and fiscal discipline, and their administration is serious about streamlining the state’s finances for the welfare of the people of Bengal.

Banerjee also congratulated the finance department for this achievement. “Congratulations to our finance department, and everybody indeed for cooperating with us. Let us move from strength to strength!” she added.

The last full budget of the Banerjee government before the 2026 assembly election was majorly focused on women and rural infrastructure, with an olive branch to state employees. The CM said after the budget that almost 50% of the allocation was directed towards women. It was a Rs 3.8 lakh crore budget with a marginal deficit of Rs 0.1 crore. The budget had set a target of its own tax revenue of Rs 1,12,543 crore for 2025-26, a little over 12% jump over the 2024-25 (revised) figure of Rs 99,863 crore.

​West Bengal’s Chief Minister, Mamata Banerjee, praised the state’s finance department for its recent achievements, encouraging continued progress.​

In accordance with the Economic Review for 2023-24, West Bengal experienced growth in its Gross State Domestic Product (GSDP) and improvements in financial health indicators, including reductions in revenue deficit, fiscal deficit, and the debt-to-GSDP ratio. Specifically, the state’s GSDP is projected to reach Rs. 18.8 lakh crore in 2024-25, reflecting a 10.5% growth over the previous year. While states such as Gujarat, Odisha, West Bengal, and Maharashtra have managed to decrease their debt-to-GSDP ratios, Punjab and Tamil Nadu have seen increases.​

In the final full budget before the 2026 assembly elections, the West Bengal government emphasized support for women and rural infrastructure, also extending benefits to state employees. The Rs. 3.8 lakh crore budget allocated nearly half of its funds to women’s initiatives. It projected the state’s own tax revenue to rise to Rs. 1,12,543.80 crore for 2025-26, marking an 11.26% increase from the revised estimate of Rs. 99,863.16 crore for 2024-25. The budget anticipated a marginal deficit of Rs. 0.1 crore.