Latest update: May, 2018
West Bengal, India’s sixth largest economy, had a gross state domestic product (GSDP) of US$ 163.87 billion in 2017-18AE, growing at compound annual growth rate (CAGR) of 12.47 per cent (in rupee terms) since 2011-12.
West Bengal has 12 growth centres for medium and large scale industries, set up by the West Bengal Industrial Development Corporation (WBIDC). Major industrial areas of West Bengal are Haldia, Kolkata, Asansol-Durgapur region, and Kharagpur.
The state is the second-largest tea growing state in India. Total tea production in West Bengal stood at 387.86 million kgs in 2017-18, accounting for 29.27 per cent share of India’s total production.
Some of the major initiatives taken by the government to promote West Bengal as an investment destination are:
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