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West Bengal heads GDP growth rate

Bengal is followed by Andhra Pradesh which has recorded GDP growth of 11.02, Bihar with 10.53 and Telangana 10.5 percent respectively. Goa is at the bottom of the list with a 0.47 percent growth rate.

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Published : Aug 10, 2019, 7:51 PM IST

Kolkata: West Bengal is at the top of the list of states for GDP growth rate recording 12.58 per cent during 2018-19, state Finance Minister Amit Mitra said on Saturday.

The feat was achieved by the state at a time when the country is going through a "deep recession", he said.

"I am delighted to say that as per the Government of India's ministry of statistics and program implementation just-published table on GDP growth of states in 2018-19 West Bengal's growth is the highest in the country at 12.58 per cent," says Mitra.

Bengal is followed by Andhra Pradesh which has recorded GDP growth of 11.02, Bihar with 10.53 and Telangana 10.5 per cent respectively. Goa is at the bottom of the list with a 0.47 per cent growth rate, he said.

"We are holding the baton and moving forward while the rest of the country is going through a serious recession," Mitra added.

Read More: In Pics: Top 5 Business News of the Week

Kolkata: West Bengal is at the top of the list of states for GDP growth rate recording 12.58 per cent during 2018-19, state Finance Minister Amit Mitra said on Saturday.

The feat was achieved by the state at a time when the country is going through a "deep recession", he said.

"I am delighted to say that as per the Government of India's ministry of statistics and program implementation just-published table on GDP growth of states in 2018-19 West Bengal's growth is the highest in the country at 12.58 per cent," says Mitra.

Bengal is followed by Andhra Pradesh which has recorded GDP growth of 11.02, Bihar with 10.53 and Telangana 10.5 per cent respectively. Goa is at the bottom of the list with a 0.47 per cent growth rate, he said.

"We are holding the baton and moving forward while the rest of the country is going through a serious recession," Mitra added.

Read More: In Pics: Top 5 Business News of the Week

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No business with Chinese tech giant Huawei: Trump
By Lalit K Jha
          Washington, Aug 10 (PTI) US President Donald Trump on Saturday said America will not do any business with Chinese tech giant Huawei.
          The Trump administration believes that giving access to the state-controlled Huawei on 5G would risk America's national security. As such the US is not only denying Huawei access inside the country but also is asking other countries to follow suit.
          "We're not going to do business with Huawei. We're not doing business with them. And I really made the decision," Trump told reporters at the White House.
          "It's much simpler not to do any business with Huawei. So, we're not doing business with Huawei. That doesn't mean we won't agree to something if and when we make a trade deal, but we're not going to be doing business with Huawei," he added.
          US Senator Marco Rubio welcomed the new interim rule, which bans the US government agencies from purchasing equipment from Huawei and other specified Chinese companies. This enters into effect on August 13.
          The interim rule is pursuant to the Fiscal Year 2019 National Defense Authorization Act's prohibition against the federal government's procurement of telecommunications equipment, video surveillance equipment and services of five Chinese companies, including Huawei.
          "We must be clear-eyed about the real and long-term risks posed by Huawei and other Chinese state-directed companies. Securing our nation's telecommunications and critical infrastructure from foreign adversaries is a critical priority for our country and the American people," Rubio said.
          "Beyond fully and faithfully executing the laws passed by the Congress, the Executive Branch must work with Congress to do much more to defend America's national and economic security from the Chinese government and Communist Party's threats including keeping Huawei on the Entity List and not watering down enforcement through sweetheart licenses allowing the US tech sector to export to and build up Huawei," he added.
          Senator Rick Scott said it was "good" to see that the administration took further steps to ban business transactions between the US and Huawei.
          "Huawei is a national security threat and we must make sure they have no access to the US market," he said.
          Congressman Bradley Byrne applauded Trump for getting tough on China.
          "I will always work with President Trump to stand up for American workers and hold China accountable!" he said. PTI LKJ
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