Latest update: March, 2020
Last Updated: March, 2020
WEST BENGAL State Report | March, 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 the state.
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 2011-12 to 2020-21 was about 12.01 per cent.
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 2017-18, the state produced a total of 1.74 million tonnes of fish and fish production for 2018-19 has been anticipated at 1.85 million tonnes.
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 February 2020, West Bengal had a total installed power generation capacity of 11,026.50 MW, of which 6,497.95 MW was under state utilities, 2,847.93 MW was under the private sector and 1,680.62 MW was under central utilities.
According to the Department of Industrial Policy & Promotion (DPIIT), FDI inflows in West Bengal, along with Sikkim and Andaman & Nicobar Islands, during April 2000 to September 2019, totalled US$ 5,850 million.
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.
Note: ^including Madhya Pradesh and Jharkhand
Last Updated: February 28, 2020