Last updated on Nov, 17 2020
WEST BENGAL State Report | September, 2020
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 West Bengal.
At current prices, Gross State Domestic Product (GSDP) of West Bengal is estimated at Rs 14.44 trillion (US$ 206.64 billion) in 2020-21. The average annual GSDP growth rate from 2015-16 to 2020-21 is about 12.62% .
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.
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.
As of July 2020, West Bengal had a total installed power generation capacity of 11,028.10 MW, of which 6,497.95 MW was under state utilities, 2,850.53 MW was under private sector, and 1,680.62 MW was under central utilities.
Of the total installed power capacity, 9,097.62 MW was contributed by thermal power, 1,396.00 MW by hydropower, and 535.48 MW by renewable power.
According to Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investment (FDI) inflow in West Bengal, along with Sikkim and Andaman and Nicobar Islands, totalled US$ 6,909 million during April 2000 to March 2020.
West Bengal ranked eleventh among Indian states on ease of doing business and reforms implementation according to a study by the World Bank and KPMG.
Note: ^including Madhya Pradesh and Jharkhand