Economy of West Bengal
| Statistics | |
|---|---|
| GDP |
₹11.20083 lakh crore (US$170 billion) (nominal GSDP at current prices; 2017-18) ₹7.29 lakh crore (US$120.93 billion) (nominal NSDP at factor cost in 2014-15, base year 2004-05) International $612 billion (GSDP PPP at market prices in 2017-18) |
| GDP rank | (nominal GSDP, 2014-15) |
|
GDP growth
|
7.1% (nominal GSDP Y-o-Y growth, 2015-16) |
|
GDP per capita
|
US$ 1473 (nominal GSDP per capita, 2015-16) |
| External | |
|
Export goods
|
Leather goods, tea, flowers, jute textile, software, ornaments, fisheries, agricultural and fruit produces |
|
FDI stock
|
US$3967 million (Cumulative FDI equity inflow component, between April 2000 and September 2016, including Sikkim and Andaman- Nicobar Islands) |
| Public finances | |
|
₹1,910 billion (US$30 billion) (2011) ₹3,040 billion (US$47 billion) (2016) ₹3,340 billion (US$52 billion) (2017, estimated) |
|
₹11.20083 lakh crore (US$170 billion) (nominal GSDP at current prices; 2017-18)
₹7.29 lakh crore (US$120.93 billion) (nominal NSDP at factor cost in 2014-15, base year 2004-05)
₹1,910 billion (US$30 billion) (2011) ₹3,040 billion (US$47 billion) (2016)
Economy of West Bengal, a state in eastern India, is primarily dependent on agriculture and medium-sized industry, although services and heavy industries play an increasingly significant role in the economy of the state. A significant part of the state is economically backward, namely, large parts of six northern districts of Cooch Behar, Darjeeling, Jalpaiguri, Malda, North Dinajpur and South Dinajpur; three western districts of Purulia, Bankura, Birbhum; and the Sundarbans area. Years after independence, West Bengal was still dependent on the central government for meeting its demands for food; food production remained stagnant and the Green Revolution bypassed the state. However, there has been a significant spurt in food production since the 1980s, and the state is now one of the few Indian states with a surplus in food production. It is one of the most important food producing states in India, producing nearly 20% of the rice and 33% of the potato yield, although accounting for only 15% of the population of India. The state's total financial debt stood at ₹1,918 billion (US$30 billion) as of 2011.
figures in crores of Indian Rupees
Agriculture accounts for the largest share of the labour force. It contributed around 18.7% to the state's gross domestic state product (GSDP) in 2009–10. A plurality of the state's population are peasant farmers. Rice and potato are considered to be the principal food crops of West Bengal. West Bengal is the largest producer of rice in India with an annual output of around 16.1 million tonnes in FY 2015-16, and the second-largest producer of potatoes in India with an average annual output of 11 million tonnes in FY 15. Rice, potato, jute, sugarcane and wheat are the top five crops of the state. Other major food crops include maize, pulses, oil seeds, wheat, barley, and vegetables. The state supplies nearly 90% of the potato requirement and 66% of the jute requirements of India. Tea is another important cash crop.Darjeeling is globally recognised for tea plantation of the acclaimed Darjeeling Tea variety. West Bengal, the second largest tea-producing state in India, produced 329.3 million kg of tea in 2014-15, accounting for 27.8 per cent of the country's total tea production. In 2015-16, West Bengal produced appriximately 2.38 mt of sugarcane and 3.1 mt of fruits. The state is the largest vegetables producing state in India with 25466.8 thousand MT of production in 2012-13. West Bengal is the largest fish producing state in India. West Bengal accounts for nearly 10% of the country's edible oil production. The state produced a total of 1.63 million tonnes of fish in 2015-16 compared to a production of 1.61 million tonnes during 2014-15, retaining second spot after Andhra Pradesh in fish production. West Bengal produced around 4961 thousand tonnes of milk in FY14-15. The state is the third largest meat producing state in the country (including poultry) after Uttar Pradesh and Andhra Pradesh, producing 0.648 million tonnes of meat in 2012-13 and it is the largest producer of goat meat.
...
Wikipedia