West Bengal is situated in Eastern India. The state shares the borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. The state shares international borders with Bangladesh, Bhutan and Nepal. The Bay of Bengal is in the South of the state.
Because of its location, West Bengal offers definite advantage as the traditional domestic market in Eastern India, the Northeast and the land-locked countries of Nepal and Bhutan, which are easily accessible. The state is also an entry point to markets in Southeast Asia, via the Northeastern states.
West Bengal has abundant natural resources of minerals and suitable agro-climatic conditions for agriculture, horticulture and fisheries. West Bengal also has a prosperous hinterland of some mineral rich states like Jharkhand, Bihar and Odisha.
The state is home to a number of renowned educational institutions and higher learning centres. There are 18 universities in the state along with sizeable research institutes.
At current prices, the Gross State Domestic Product (GSDP) of West Bengal was about US$ 114.7 billion in 2011-12.
The average annual GSDP growth rate from 2004-05 to 2011-12, was about 13.8 per cent.