Latest update: May, 2018
Last Updated: May, 2018
WEST BENGAL State Report | May, 2018
West Bengal is situated in eastern India and shares its borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. The state also shares international borders with Bangladesh, Bhutan and Nepal. The Bay of Bengal is in the south of the state.
West Bengal is India's sixth largest economy, and recorded a Gross State Domestic Product (GSDP) of US$ 163.87 billion in 2017-18AE. The state's GSDP expanded at a compound annual growth rate (CAGR) of 12.47 per cent (in rupee terms) from 2011-12 to 2017-18. 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 Apr-Dec 2017, the state produced a total of 1.34 million tonnes of fish. As of May 2018, West Bengal had a total installed power generation capacity of 10,490.23 megawatt (MW).
West Bengal is the second largest tea-producing state in India and is home to the globally acclaimed Darjeeling tea variety.
Its location advantage makes the state a traditional market for eastern India, the Northeast, Nepal and Bhutan. It is also a strategic entry point for markets in Southeast Asia. The cost of operating a business is lower in Kolkata than in other metropolitan cities.
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 (including Sikkim and Andaman & Nicobar Islands) has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 4.19 billion during the period April 2000 to December 2017, according to data released by Department of Industrial Policy and Promotion (DIPP).
West Bengal achieved the eleventh position among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: January 23, 2018