Union Finance Minister Pranab Mukherjee on Sunday said the political change in West Bengal has not only raised the level of people's expectation but also created a significant scope for attracting capital to help increase the growth rate.
Noting that the subdued growth of the state could be linked to the industrial sector, Mukherjee said that the industrial climate needs to be improved.
The infrastructural gaps also needed to be filled up, the minister told a seminar on West Bengal organised by industry body Assocham here today.
"Rapid development of infrastructure is the key to sustain high rate of growth in the medium to long-term," he said.
"The political change in West Bengal clearly shows that the expectations and aspirations of the people of the state have risen. I am happy that the Chief Minister is responding to them," he said.
He said West Bengal was emerging as a new investment destination and data showed that prospective investors were showing interest in the state.
"While 900 projects involving Rs6.11 lakh crore were live, fresh investment proposals worth Rs 58,000 crore have been received," he said.
