West Bengal ranks first in total meat production (including poultry) in the country. The state is also home to the second highest number of MSMEs in the country.
West Bengal, India’s sixth largest state in terms of economic size, has a projected Gross State Domestic Product (GSDP) of 17.19 trillion (US$ 208.24 billion) in 2023-24. The average annual GSDP is estimated to increase at 9.29% from 2018-19 to 2023-24BE.
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 2023, West Bengal had a total installed power generation capacity of 10,726.52 MW, of which 5,997.95 MW was under state utilities, 2,949.16 MW under private sector and 1,779.41 MW under central utilities.
Of the total installed power capacity, 8,696.41 MW was contributed by thermal power, 1,396 MW by hydropower and 634.11 MW by renewable power.
West Bengal has abundant natural resources of minerals and suitable agro-climatic conditions for agriculture, horticulture, and fisheries. It is in vicinity to mineral rich states like Jharkhand, Bihar, and Odisha. It offers excellent connectivity to the rest of India in terms of railways, roadways, ports, and airports.
The state is the second-largest tea growing state in India. Tea production in West Bengal stood at 52.1 million kg in August 2022.
Between October 2019-March 2023, FDI inflows in West Bengal stood at US$ 1,428.18 million.
Some of the major initiatives taken by the Government to promote West Bengal as an investment destination are: