In this paper, we analyse the impact of tenancy reform in the Indian state of West Bengal on consumption expenditure of tenants. We use a difference-in-difference methodology with data from a household survey (the National Sample Survey) to compare the growth of consumption expenditure of tenants with that of non-tenants. Contrary to the conclusions of other authors, we do not find indications of substantial improvements in the living standards of the reform’s beneficiaries. Finally, we analyse possible reasons for the discrepancy between our results and the rest of the literature.