The city of Kolkata was one of the first cities made in colonial India and served as the capital till the last century. The city lost its importance as a center for trade as early as 1969 when the Suez canal was dug and the center shifted to former Bombay. The city has seen de-industrialization on a par with the likes of Detroit. According to the central bank of India, the state accounted for a quarter of India’s industrial capital which dropped down to 7% in 2000. Post 1970 the state had a communist government which lasted for three decades. This period in the city’s history saw a state of economic stagnation in the states economy due to numerous factors. Today kolkata evokes havana, beautiful but
shabby, the last metropolitan to remain largely
untouched by India’s 20 year boom. With the
change in government in the last decade, the city
is looking towards new economic opportunities. As
the starting point in this revolution infrastructure is
the keystone for the rejuvenation if the city.
