Last updated on Aug, 31 2021
West Bengal, India’s sixth largest state in terms of economic size, had its Gross State Domestic Product (GSDP) is expected to reach Rs. 14.44 trillion (US$ 206.64 billion) in 2020-21. Average annual GSDP growth rate is about 12.62% between 2015-16 and 2020-21.
West Bengal is the largest producer of rice in India. Rice production for the state totalled 14.99 million tonnes in 2017-18. West Bengal is also a major producer of fish. During 2018-19, the state produced a total of 1.85 million tonnes of fish.
As of April 2021, West Bengal had a total installed power generation capacity of 11,036.88 MW, of which 6,497.95 MW was under state utilities, 2,883.31 MW (private sector) and 1,655.62 MW (central utilities).
Of the total installed power capacity, 9,072.62 MW was contributed by thermal power, 1,396.00 MW by hydropower and 568.26 MW by renewable power.
In the State Budget 2020-21, the Government of West Bengal has allocated Rs. 4,400 crore (US$ 624.20 million) to Public Works (Roads) Department. Of this budget, Rs. 2,092 crore (US$ 296.78 million) has been provided for development of state highways and Rs. 1,820 crore (US$ 258.19 million) for district and other roads.
The state is the second-largest tea growing state in India. Total tea production in West Bengal stood at 415.48 million kgs in 2019-20, accounting for 29.27% share of India’s total production.
Between October 2019 and March 2021, FDI inflows in West Bengal stood at US$ 605.17 million.
Some of the major initiatives taken by the Government to promote West Bengal as an investment destination are:
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