West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18. The state is the largest producer of rice and second largest producer of potato in India. Kolkata is emerging as a major IT hub with 25 IT parks established or under development. The document provides an overview of West Bengal's economy, key sectors, policies and initiatives to promote economic growth.
West Bengal has a large economy as its GSDP in 2017-18 was US$ 158.40 billion. It is a major producer of rice and potato in India. Kolkata is emerging as an IT hub with 25 IT parks established or being set up. The state aims to increase agriculture productivity, power generation, and improve transportation and social infrastructure by 2022 to further economic development.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18, making it one of India's largest state economies. The state is the largest producer of rice and second largest producer of potato in India. Kolkata is emerging as a major IT hub with 25 IT parks established or under development. West Bengal received US$ 5.1 billion in FDI from 2000 to 2018 and has potential to attract over US$ 0.71 billion in investments in logistics by 2020.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18. The tertiary sector contributed the most to GSDP at 54% in 2017-18 and grew the fastest among sectors. FDI inflows into West Bengal from April 2000 to December 2018 totalled US$ 5.375 billion, contributing around 1% of India's total FDI inflows.
West Bengal is a major agricultural producer in India, with rice being the primary crop. In 2016-17, rice production in West Bengal totaled 15.1 million tonnes, making it the largest rice producer in the country. Other key crops produced in large quantities in West Bengal include potato, jute, sugarcane, wheat, rapeseed, mustard, maize, onion, pulses, coconut and tea. The state is also the largest producer of jute in India. Agriculture contributes significantly to West Bengal's economy and employed around 18.8% of the state's workforce in 2014-15.
West Bengal had a GSDP of US$ 163.87 billion in 2017-18 and grew at an average annual rate of 12.47% from 2011-12 to 2017-18. The services sector contributed 57.15% to the state's GSVA in 2017-18, making it the largest sector. FDI inflows into West Bengal between April 2000 to December 2017 totalled US$ 4.19 billion. Exports from the state grew to US$ 8.25 billion in 2016-17.
- West Bengal is India's 6th largest economy with a GSDP of $140.56 billion in 2015-16 and grew at a CAGR of 10.42% from 2005-16.
- Agriculture is the chief occupation, with rice being the largest crop and West Bengal being the largest rice producer in India.
- Other key sectors include IT, manufacturing such as textiles, and minerals such as coal, with West Bengal being the 3rd largest mining state.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at an average annual rate of 11.88% from 2011-12 to 2017-18. The state contributes around 1% to India's total FDI inflows and received investment proposals worth US$ 33.83 billion at the Bengal Global Business Summit in January 2017. Major sectors that contribute to the state's economy include agriculture, industry and services. The services sector is the largest contributor to GSVA, accounting for 57.15% in 2017-18.
West Bengal is one of India's largest economies with a GSDP of US$ 140.56 billion in 2015-16. Agriculture is the main occupation in the state, with rice being the principal crop. West Bengal is the largest producer of rice and the 9th largest producer of minerals in India. The state aims to increase annual textile industry sales to US$ 21.5 billion by 2022-23. Infrastructure development, including ports, airports and roads, is a focus to support business growth opportunities in sectors like IT, manufacturing and services.
West Bengal has a large economy as its GSDP in 2017-18 was US$ 158.40 billion. It is a major producer of rice and potato in India. Kolkata is emerging as an IT hub with 25 IT parks established or being set up. The state aims to increase agriculture productivity, power generation, and improve transportation and social infrastructure by 2022 to further economic development.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18, making it one of India's largest state economies. The state is the largest producer of rice and second largest producer of potato in India. Kolkata is emerging as a major IT hub with 25 IT parks established or under development. West Bengal received US$ 5.1 billion in FDI from 2000 to 2018 and has potential to attract over US$ 0.71 billion in investments in logistics by 2020.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18. The tertiary sector contributed the most to GSDP at 54% in 2017-18 and grew the fastest among sectors. FDI inflows into West Bengal from April 2000 to December 2018 totalled US$ 5.375 billion, contributing around 1% of India's total FDI inflows.
West Bengal is a major agricultural producer in India, with rice being the primary crop. In 2016-17, rice production in West Bengal totaled 15.1 million tonnes, making it the largest rice producer in the country. Other key crops produced in large quantities in West Bengal include potato, jute, sugarcane, wheat, rapeseed, mustard, maize, onion, pulses, coconut and tea. The state is also the largest producer of jute in India. Agriculture contributes significantly to West Bengal's economy and employed around 18.8% of the state's workforce in 2014-15.
West Bengal had a GSDP of US$ 163.87 billion in 2017-18 and grew at an average annual rate of 12.47% from 2011-12 to 2017-18. The services sector contributed 57.15% to the state's GSVA in 2017-18, making it the largest sector. FDI inflows into West Bengal between April 2000 to December 2017 totalled US$ 4.19 billion. Exports from the state grew to US$ 8.25 billion in 2016-17.
- West Bengal is India's 6th largest economy with a GSDP of $140.56 billion in 2015-16 and grew at a CAGR of 10.42% from 2005-16.
- Agriculture is the chief occupation, with rice being the largest crop and West Bengal being the largest rice producer in India.
- Other key sectors include IT, manufacturing such as textiles, and minerals such as coal, with West Bengal being the 3rd largest mining state.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at an average annual rate of 11.88% from 2011-12 to 2017-18. The state contributes around 1% to India's total FDI inflows and received investment proposals worth US$ 33.83 billion at the Bengal Global Business Summit in January 2017. Major sectors that contribute to the state's economy include agriculture, industry and services. The services sector is the largest contributor to GSVA, accounting for 57.15% in 2017-18.
West Bengal is one of India's largest economies with a GSDP of US$ 140.56 billion in 2015-16. Agriculture is the main occupation in the state, with rice being the principal crop. West Bengal is the largest producer of rice and the 9th largest producer of minerals in India. The state aims to increase annual textile industry sales to US$ 21.5 billion by 2022-23. Infrastructure development, including ports, airports and roads, is a focus to support business growth opportunities in sectors like IT, manufacturing and services.
West Bengal has a large economy and is a major producer of rice, potato and coal. The state aims to develop Kolkata as a major IT hub and has established several IT parks. West Bengal also aims to increase the contribution of the textile industry to the state's GDP and establish new industrial sectors. The state government has outlined a vision for 2022 to improve agriculture, power supply, infrastructure, healthcare and education.
West Bengal has a large and growing economy, with a GSDP of US$ 132.86 billion in 2014-15. The document outlines West Bengal's vision for 2022, which includes goals for agriculture, infrastructure, economic development, education and other sectors. It also highlights the state's cultural heritage and competitive advantages such as connectivity, labor pool and lower costs of business. West Bengal is a major producer of rice, potato, jute and other crops, and has significant mineral resources.
Punjab has a strong economy driven by agriculture and textiles. The state's GSDP grew at a CAGR of 10.2% between 2011-12 and 2017-18 reaching Rs. 4.77 trillion, with tertiary sector contributing the most at 46.7%. Punjab is a leader in wheat and rice production in India and has emerged as a key textiles hub, with the sector attracting significant investments. The state focuses on renewable energy and aims to achieve 4,772 MW solar capacity by 2022. With good infrastructure, supportive policies and focus on key sectors, Punjab offers opportunities for economic growth.
Punjab has a strong agricultural base and is one of India's largest producers of wheat and rice. The state is focusing on increasing renewable energy sources such as solar and biomass. Punjab also has well-developed infrastructure and is a major hub for textiles industries like yarn, garments and hosiery due to its textile policies and incentives. The state aims to improve connectivity and develop sectors like automotive and IT by 2022.
- West Bengal had a gross state domestic product of $140.56 billion in 2016-17, growing at a CAGR of 10.42% during 2005-16.
- West Bengal is the 2nd largest producer of potato in India, accounting for 25.06% of the country's output. Potato production was 11 million tonnes in 2016-17.
- 8 IT parks are currently operating in West Bengal, with 7 new ones expected to start operations in the next 5 years, positioning Kolkata as the next IT hub.
Punjab has a strong economy, with its GSDP reaching Rs. 4.77 trillion (US$ 74.09 billion) in 2017-18, growing at a CAGR of 10.2% between 2011-12 and 2017-18. The state's per capita GSDP and NSDP also grew at impressive rates of over 8% during the same period. Punjab has a diverse economy with key sectors including agriculture, textiles, automotive and auto components. The state aims to further diversify its economy and attract investments in sectors such as agro-based industries, IT & ITeS through various incentives and initiatives.
Punjab has emerged as a key textiles hub and has a strong agricultural base as the largest wheat and rice producer in India. The state economy is growing at a compound annual growth rate of 10.2% with services contributing the most at 46.7% of GSDP in 2017-18. Punjab aims to increase focus on renewable energy and attract more investment from agriculture and services.
Punjab is a state in northern India known as the "land of five rivers". The document provides an overview of Punjab's economy and key sectors. It highlights that Punjab has a strong agriculture sector as the largest producer of wheat and rice in India. The industrial sector is also growing, with textiles emerging as a key hub and the state offering various incentives. Punjab has good infrastructure including transportation and aims to further develop renewable energy sources.
Gujarat has experienced strong economic growth, with its GSDP growing at an average annual rate of 11.56% from 2005-06 to 2015-16. The state's per capita GSDP and NSDP have also increased substantially over this period. While the tertiary sector is the largest contributor to GSDP, all three sectors - primary, secondary and tertiary - have experienced robust growth. Agriculture is an important part of the economy, with production of crops like rice, wheat, cotton and groundnuts. The state government is undertaking various initiatives and investments to further promote agriculture and rural development.
Punjab has emerged as a key textiles hub and agricultural producer in India. The state contributes 2.72% to India's total GDP. Punjab's economy has grown at a CAGR of 9.97% between 2011-12 to 2018-19, with services becoming the largest sector. The state is focusing on renewable energy and attracting investments in sectors like textiles, agriculture, automotive and IT.
Gujarat has attracted US$ 16 billion in FDI from April 2000 to December 2016, accounting for 4.6% of India's total FDI inflows. The state government held an expo and summit in Rajkot in January 2016 where MoUs worth US$ 341.88 million were signed. Gujarat has a vision to become a globally competitive, knowledge-based and tourist destination by 2020 through developing world-class infrastructure, attracting investments, and improving social amenities and education.
Punjab is focused on increasing renewable energy generation and has emerged as a key textiles hub. It has strong agriculture production, particularly of rice, maize, sugarcane and barley. Punjab has the best infrastructure facilities in India, including roads, railways, airports and other connectivity. The state government is promoting industries and improving agriculture through various policies and incentives.
Karnataka has a strong and growing economy.
- The state's GSDP grew at a CAGR of 13.11% between 2011-12 and 2017-18 to reach Rs. 12.69 trillion (US$ 196.88 billion).
- Per capita GSDP also increased at a CAGR of 11.89% during this period to Rs. 193,409 (US$ 3,001) in 2017-18.
- Key sectors driving growth include IT, biotechnology, aerospace, automobiles, and tourism.
The document provides an overview of the Indian state of Haryana. Some key points:
- Haryana has a strong economy growing at 11.79% CAGR from 2005-2016 and is a leading manufacturing and food production hub.
- The state aims to further develop infrastructure, housing, tourism, education and support agriculture under its State Vision 2018 plan.
- Haryana's GSDP in 2015-16 was US$ 75.3 billion with per capita GSDP of US$ 2,963. The tertiary sector contributes over 50% to the economy.
Bihar has experienced strong economic growth in recent years. The Gross State Domestic Product of Bihar grew at a CAGR of 11.99% between 2011-12 and 2017-18, making it one of the fastest growing states in India. Per capita income in Bihar also increased at a robust CAGR of 10.16% during this period. Agriculture remains an important sector, employing about 80% of the state's population. However, the services sector is now the largest contributor to the state's economy, accounting for 62.24% of GSVA in 2017-18. Industry and services have been the main drivers of economic growth in Bihar in recent years.
Gujarat has experienced high economic growth rates in recent years. Some key points:
- Gujarat's GDP grew at an average annual rate of 11.56% from 2005-06 to 2015-16.
- FDI inflows into Gujarat between April 2000 to December 2016 totaled $16 billion, accounting for 4.6% of India's total FDI inflows.
- Gujarat has a strong industrial base and is a leader in sectors like petrochemicals, automobiles, and dairy. It accounts for 25% of India's exports despite having only 5% of the country's population.
Gujarat has received $16 billion in FDI from 2000-2016, accounting for 4.6% of India's total FDI inflows. A key document summarizing Gujarat's growth, opportunities, and policies across sectors like infrastructure, business, and agriculture. It provides statistics on Gujarat's economy, population, infrastructure development and growth across primary, secondary and tertiary sectors between 2004-05 and 2015-16.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Karnataka has a strong and growing economy with a GSDP of US$ 197.8 billion in 2017-18. The state is a leader in IT and biotechnology, and its per capita GSDP has grown at a CAGR of 12.11% between 2011-12 and 2016-17. Karnataka receives significant FDI and is the third highest recipient among Indian states. It has a large skilled workforce and knowledge infrastructure to support its industries.
The document provides an overview of the Indian state of Haryana. Some key points:
- Haryana has experienced strong economic growth in recent years, with its GDP growing at an average of 11.79% annually between 2005-2016.
- It is a leading manufacturing hub and food producer, home to major automobile companies and accounting for over 60% of India's basmati rice exports.
- The state aims to further develop infrastructure like roads and power, promote sectors like IT and tourism, and provide support to small businesses and vulnerable populations through its "Vision 2018" plan.
- Haryana has a literate population of over 25 million and is focused on improving education and sports
West Bengal is one of India's largest state economies, with a GSDP of US$140.56 billion in 2015-16. The state is the largest producer of rice and the second largest producer of potatoes in India. West Bengal also has a rich mineral resource base, with coal accounting for 99% of extracted minerals. Kolkata is emerging as a major IT hub in Eastern India with the establishment of several IT parks. The state government has set the target of increasing annual textile sales from US$4.5 billion in 2014-15 to US$21.5 billion by 2022-23.
West Bengal has a large economy and is a major producer of rice, potato and coal. The state aims to develop IT, textiles and tourism industries. Its vision for 2022 focuses on improving agriculture, infrastructure, health, education and governance. West Bengal has a population of over 91 million and its economy has grown at an average annual rate of 10% in recent years.
West Bengal has a large economy and is a major producer of rice, potato and coal. The state aims to develop Kolkata as a major IT hub and has established several IT parks. West Bengal also aims to increase the contribution of the textile industry to the state's GDP and establish new industrial sectors. The state government has outlined a vision for 2022 to improve agriculture, power supply, infrastructure, healthcare and education.
West Bengal has a large and growing economy, with a GSDP of US$ 132.86 billion in 2014-15. The document outlines West Bengal's vision for 2022, which includes goals for agriculture, infrastructure, economic development, education and other sectors. It also highlights the state's cultural heritage and competitive advantages such as connectivity, labor pool and lower costs of business. West Bengal is a major producer of rice, potato, jute and other crops, and has significant mineral resources.
Punjab has a strong economy driven by agriculture and textiles. The state's GSDP grew at a CAGR of 10.2% between 2011-12 and 2017-18 reaching Rs. 4.77 trillion, with tertiary sector contributing the most at 46.7%. Punjab is a leader in wheat and rice production in India and has emerged as a key textiles hub, with the sector attracting significant investments. The state focuses on renewable energy and aims to achieve 4,772 MW solar capacity by 2022. With good infrastructure, supportive policies and focus on key sectors, Punjab offers opportunities for economic growth.
Punjab has a strong agricultural base and is one of India's largest producers of wheat and rice. The state is focusing on increasing renewable energy sources such as solar and biomass. Punjab also has well-developed infrastructure and is a major hub for textiles industries like yarn, garments and hosiery due to its textile policies and incentives. The state aims to improve connectivity and develop sectors like automotive and IT by 2022.
- West Bengal had a gross state domestic product of $140.56 billion in 2016-17, growing at a CAGR of 10.42% during 2005-16.
- West Bengal is the 2nd largest producer of potato in India, accounting for 25.06% of the country's output. Potato production was 11 million tonnes in 2016-17.
- 8 IT parks are currently operating in West Bengal, with 7 new ones expected to start operations in the next 5 years, positioning Kolkata as the next IT hub.
Punjab has a strong economy, with its GSDP reaching Rs. 4.77 trillion (US$ 74.09 billion) in 2017-18, growing at a CAGR of 10.2% between 2011-12 and 2017-18. The state's per capita GSDP and NSDP also grew at impressive rates of over 8% during the same period. Punjab has a diverse economy with key sectors including agriculture, textiles, automotive and auto components. The state aims to further diversify its economy and attract investments in sectors such as agro-based industries, IT & ITeS through various incentives and initiatives.
Punjab has emerged as a key textiles hub and has a strong agricultural base as the largest wheat and rice producer in India. The state economy is growing at a compound annual growth rate of 10.2% with services contributing the most at 46.7% of GSDP in 2017-18. Punjab aims to increase focus on renewable energy and attract more investment from agriculture and services.
Punjab is a state in northern India known as the "land of five rivers". The document provides an overview of Punjab's economy and key sectors. It highlights that Punjab has a strong agriculture sector as the largest producer of wheat and rice in India. The industrial sector is also growing, with textiles emerging as a key hub and the state offering various incentives. Punjab has good infrastructure including transportation and aims to further develop renewable energy sources.
Gujarat has experienced strong economic growth, with its GSDP growing at an average annual rate of 11.56% from 2005-06 to 2015-16. The state's per capita GSDP and NSDP have also increased substantially over this period. While the tertiary sector is the largest contributor to GSDP, all three sectors - primary, secondary and tertiary - have experienced robust growth. Agriculture is an important part of the economy, with production of crops like rice, wheat, cotton and groundnuts. The state government is undertaking various initiatives and investments to further promote agriculture and rural development.
Punjab has emerged as a key textiles hub and agricultural producer in India. The state contributes 2.72% to India's total GDP. Punjab's economy has grown at a CAGR of 9.97% between 2011-12 to 2018-19, with services becoming the largest sector. The state is focusing on renewable energy and attracting investments in sectors like textiles, agriculture, automotive and IT.
Gujarat has attracted US$ 16 billion in FDI from April 2000 to December 2016, accounting for 4.6% of India's total FDI inflows. The state government held an expo and summit in Rajkot in January 2016 where MoUs worth US$ 341.88 million were signed. Gujarat has a vision to become a globally competitive, knowledge-based and tourist destination by 2020 through developing world-class infrastructure, attracting investments, and improving social amenities and education.
Punjab is focused on increasing renewable energy generation and has emerged as a key textiles hub. It has strong agriculture production, particularly of rice, maize, sugarcane and barley. Punjab has the best infrastructure facilities in India, including roads, railways, airports and other connectivity. The state government is promoting industries and improving agriculture through various policies and incentives.
Karnataka has a strong and growing economy.
- The state's GSDP grew at a CAGR of 13.11% between 2011-12 and 2017-18 to reach Rs. 12.69 trillion (US$ 196.88 billion).
- Per capita GSDP also increased at a CAGR of 11.89% during this period to Rs. 193,409 (US$ 3,001) in 2017-18.
- Key sectors driving growth include IT, biotechnology, aerospace, automobiles, and tourism.
The document provides an overview of the Indian state of Haryana. Some key points:
- Haryana has a strong economy growing at 11.79% CAGR from 2005-2016 and is a leading manufacturing and food production hub.
- The state aims to further develop infrastructure, housing, tourism, education and support agriculture under its State Vision 2018 plan.
- Haryana's GSDP in 2015-16 was US$ 75.3 billion with per capita GSDP of US$ 2,963. The tertiary sector contributes over 50% to the economy.
Bihar has experienced strong economic growth in recent years. The Gross State Domestic Product of Bihar grew at a CAGR of 11.99% between 2011-12 and 2017-18, making it one of the fastest growing states in India. Per capita income in Bihar also increased at a robust CAGR of 10.16% during this period. Agriculture remains an important sector, employing about 80% of the state's population. However, the services sector is now the largest contributor to the state's economy, accounting for 62.24% of GSVA in 2017-18. Industry and services have been the main drivers of economic growth in Bihar in recent years.
Gujarat has experienced high economic growth rates in recent years. Some key points:
- Gujarat's GDP grew at an average annual rate of 11.56% from 2005-06 to 2015-16.
- FDI inflows into Gujarat between April 2000 to December 2016 totaled $16 billion, accounting for 4.6% of India's total FDI inflows.
- Gujarat has a strong industrial base and is a leader in sectors like petrochemicals, automobiles, and dairy. It accounts for 25% of India's exports despite having only 5% of the country's population.
Gujarat has received $16 billion in FDI from 2000-2016, accounting for 4.6% of India's total FDI inflows. A key document summarizing Gujarat's growth, opportunities, and policies across sectors like infrastructure, business, and agriculture. It provides statistics on Gujarat's economy, population, infrastructure development and growth across primary, secondary and tertiary sectors between 2004-05 and 2015-16.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Karnataka has a strong and growing economy with a GSDP of US$ 197.8 billion in 2017-18. The state is a leader in IT and biotechnology, and its per capita GSDP has grown at a CAGR of 12.11% between 2011-12 and 2016-17. Karnataka receives significant FDI and is the third highest recipient among Indian states. It has a large skilled workforce and knowledge infrastructure to support its industries.
The document provides an overview of the Indian state of Haryana. Some key points:
- Haryana has experienced strong economic growth in recent years, with its GDP growing at an average of 11.79% annually between 2005-2016.
- It is a leading manufacturing hub and food producer, home to major automobile companies and accounting for over 60% of India's basmati rice exports.
- The state aims to further develop infrastructure like roads and power, promote sectors like IT and tourism, and provide support to small businesses and vulnerable populations through its "Vision 2018" plan.
- Haryana has a literate population of over 25 million and is focused on improving education and sports
West Bengal is one of India's largest state economies, with a GSDP of US$140.56 billion in 2015-16. The state is the largest producer of rice and the second largest producer of potatoes in India. West Bengal also has a rich mineral resource base, with coal accounting for 99% of extracted minerals. Kolkata is emerging as a major IT hub in Eastern India with the establishment of several IT parks. The state government has set the target of increasing annual textile sales from US$4.5 billion in 2014-15 to US$21.5 billion by 2022-23.
West Bengal has a large economy and is a major producer of rice, potato and coal. The state aims to develop IT, textiles and tourism industries. Its vision for 2022 focuses on improving agriculture, infrastructure, health, education and governance. West Bengal has a population of over 91 million and its economy has grown at an average annual rate of 10% in recent years.
West Bengal has a large and growing economy, with its GSDP reaching US$132.86 billion in 2014-15. It is the largest producer of rice and second largest producer of potatoes in India. Kolkata is emerging as a major IT hub, with the establishment of several IT parks. The state has a rich pool of skilled labor and excellent connectivity via rail, road, ports and airports. Its Vision 2022 aims to further develop sectors such as agriculture, industry and infrastructure to promote economic growth.
West Bengal has a large and growing economy, with a GSDP of US$ 132.86 billion in 2014-15. Agriculture is the main occupation, with rice, potato, jute, sugarcane and wheat among the top crops. West Bengal is the largest producer of rice in India, producing 16.1 million tonnes in 2015-16. The state aims to develop sectors like IT and textiles under its Vision 2022 plan to boost economic growth.
Kerala is known as "God's Own Country" and has a highly literate population with a strong tourism industry and cultural diversity. The state has the highest literacy rate in India and ranks second on the World Bank's Investment Climate Index. Kerala possesses well-developed social, physical, and industrial infrastructure including its international container transhipment terminal and cargo traffic at the Cochin port. The state promotes knowledge-based industries and has a world-class technology park with CMMI level 4 certification.
This document provides an overview of the Indian state of Kerala. It discusses Kerala's cultural diversity and literacy rate, as well as its developed tourism sector and ranking second in the World Bank's Investment Climate Index. The document also mentions Kerala's major economic sectors like tourism and IT/ITeS. It provides statistics on Kerala's GDP, key infrastructure like ports and airports, and the state's goals of promoting industries, education, and healthcare as outlined in its Vision 2030 plan.
Karnataka has experienced strong economic growth in recent years.
- The state's GSDP increased at a CAGR of 13.11% between 2011-12 and 2017-18, reaching Rs. 12.69 trillion (US$ 196.88 billion) in 2017-18.
- Karnataka's per capita GSDP grew at a CAGR of 11.89% during the same period, reaching Rs. 193,409 (US$ 3,001) in 2017-18.
- The state has a large industrial and services base, particularly in IT, and is considered the Silicon Valley of India.
Odisha has seen strong economic growth over the past decade, with its GSDP growing at a CAGR of 10.3% between 2011-12 and 2017-18. The state has emerged as a key player in mineral production in India, contributing 34.1% of the country's total mineral production value. Odisha also has a large presence of MSME units. Cumulative FDI inflows into the state from April 2000 to December 2017 amounted to US$ 425 million. The tertiary sector is the largest contributor to the state's economy, accounting for 45.25% of GSVA in 2017-18.
Punjab is focusing on renewable energy sources with a target capacity of 5,400 MW by 2022. The state is a textile hub and a major producer of crops like rice, sugarcane, and wheat. Punjab has the best infrastructure in India including roads, railways, airports. The state government is working to improve education, healthcare, transport and encourage investment in industries.
Karnataka has experienced strong economic growth in recent years, with its GSDP expanding at a CAGR of 13.11% between 2011-12 and 2017-18. The services (IT, tourism) and industrial sectors have been key drivers of growth. Karnataka is the IT hub of India and home to the fourth largest technology cluster in the world. The state also has a vibrant industrial base in sectors such as automobiles, biotech, aerospace and textiles. FDI inflows into Karnataka reached US$ 35.69 billion between April 2000-December 2018, making it one of the preferred investment destinations in India. The state has a large skilled workforce and strong knowledge infrastructure to support its industries.
This document provides an overview of the Indian state of Kerala. It begins with an executive summary that highlights Kerala's cultural diversity, high literacy rates, ranking in investment climate indexes, and infrastructure developments. The document then covers Kerala's introduction, economic snapshot, physical and social infrastructure, key industrial sectors, policies and procedures, and annex. Key points include Kerala's status as a top tourism destination, highest literacy rates in India, growth in sectors like IT and biotechnology, and developments in areas like ports and metro rails.
Goa has a well-developed physical infrastructure. Some key points:
- Goa has 293 km of national highways connecting it to other states.
- The state spent over Rs 120 crore in 2017-18 on upgrading major district roads, rural roads, and central roads.
- Mormugao Port is a major port in Goa handling over 26 million tonnes of cargo annually. The state also has an international airport with connections to domestic and international destinations.
Karnataka has experienced strong economic growth, with its GSDP reaching US$ 175.8 billion in 2016-17. It has grown at a CAGR of 13.33% between 2011-12 and 2016-17. Karnataka is a leader in the IT and biotechnology sectors, and its knowledge infrastructure includes over 400 universities and engineering colleges. The state also has a large agricultural sector and is focusing on developing its infrastructure and tourism industries further.
Karnataka is the third largest state in India with a GSDP of US$ 175.8 billion in 2016-17. The state has experienced strong economic growth, driven by its vibrant industries and services sectors such as IT, biotechnology, manufacturing, and tourism. Karnataka is a leader in IT and electronics exports and is home to many major Indian and global companies. The state has a well-developed infrastructure and is focused on further improving connectivity, education, skill development, and social development.
Uttar Pradesh is the largest state in India in terms of population. Some key points:
- Uttar Pradesh's GSDP grew 10.36% annually from 2011-2012 to 2016-2017 reaching $203 billion.
- The state is the largest producer of food grains and vegetables in India. Major crops include wheat, rice, pulses, sugarcane.
- The services sector contributes the most (47.23%) to the state's GSVA, followed by primary (27.44%) and secondary (25.34%) sectors.
- Uttar Pradesh has seen growth across sectors with tertiary growing at 11.01% annually over the period.
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the largest share. The state attracted US$ 970 million in FDI between 2000-2018. Tertiary sector growth was driven by tourism, which supported related industries. Goa aims to further develop knowledge-based and tourism industries while preserving its natural beauty under its long-term vision.
Karnataka has experienced strong economic growth in recent years.
- The Gross State Domestic Product (GSDP) of Karnataka grew at a Compound Annual Growth Rate (CAGR) of 13.11% between 2011-12 and 2017-18 to reach Rs. 12.69 trillion (US$ 196.88 billion) in 2017-18.
- The per capita GSDP also increased at a CAGR of 11.89% during this period to reach Rs. 193,409 (US$ 3,001) in 2017-18.
- Key sectors driving the state's economy include information technology, biotechnology, manufacturing, and tourism.
Bihar has experienced strong economic growth in recent years. The Gross State Domestic Product of Bihar grew at a CAGR of 11.99% between 2011-12 and 2017-18, making it the fastest growing state in India. The per capita income of Bihar also increased at a CAGR of 10.16% during this period. Agriculture is a major contributor to the state's economy, employing about 80% of Bihar's population. The tertiary sector is the largest contributor to Bihar's GSVA, accounting for 62.24% in 2017-18. FDI inflows into Bihar between April 2000 to September 2018 stood at $113 million.
Similar to West Bengal State Report - December 2018 (18)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
India is a major producer and exporter of agricultural products globally. Some key points:
- India ranks among the top producers globally for many agricultural commodities like spices, pulses, milk, tea, cashew and jute.
- Agricultural exports from India have grown significantly at a CAGR of 16.45% from 2010-2018 to reach $38.21 billion in FY2018.
- Major agricultural exports include marine products, basmati rice, buffalo meat, spices, cotton, oil products and sugar. Marine product exports alone were $7.39 billion in FY2018.
- Government schemes aim to boost agricultural exports to $60 billion by 2022 and $100 billion
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3. For updated information, please visit www.ibef.orgWEST BENGAL3
EXECUTIVE SUMMARY
Source: Statistics of West Bengal, Government of West Bengal
West Bengal, India’s sixth largest state in terms of economic size, had a Gross State Domestic Product
(GSDP) of US$ 158.40 billion in 2017-18. The state’s GSDP grew at a CAGR of 11.88 per cent from 2011-12
to 2017-18.
One of the largest state
economies
In 2017-18, West Bengal remains second largest producer of potato in India, accounting for about 26.07 per
cent of the country’s potato output. The state’s potato production stood at 12.65 million tonnes in 2017-18*.
Major producer of
potato
Twelve IT parks have been established in the state while 13 others are in the process of being set up.
Kolkata as the next IT
hub
West Bengal is the largest producer of rice in India.
Rice production in the state stood at 14.99 million tonnes in 2017-18*.
Largest rice producer
West Bengal is the ninth largest state in India in term of mineral production, accounting for about 16 per cent
of total mineral production. Coal accounts for 97 per cent of extracted minerals.
Coal rich state
Note: *As per second advance estimates
5. For updated information, please visit www.ibef.orgWEST BENGAL5
ADVANTAGE: WEST BENGAL
Rich labour pool
There are 29 universities and sizeable research institutes in
West Bengal. It is host to top-notch institutes like IIT
Kharagpur and NIT-Durgapur.
Knowledge of English is an advantage for the workforce of
West Bengal, especially in Kolkata.
Excellent connectivity
West Bengal offers excellent connectivity to the rest of India in
terms of railways, roadways, ports and airports.
Major stretches of the golden quadrilateral project also pass
through the northern districts of the state.
Scope for industrial
Progress
West Bengal has abundant natural resources of minerals and
suitable agro-climatic conditions for agriculture, horticulture
and fisheries. It is in the vicinity of mineral rich states like
Jharkhand, Bihar and Odisha.
The contribution of the textile industry to the state’s GSDP is
targeted to rise to 10 per cent by 2022-23.
Advantage
West Bengal
Geographic and cost advantage
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 South-East Asia.
Cost of operating a business is lower in Kolkata than in other
metropolitan cities.
Source: West Bengal Vision 2022-23, News articles
Note: T – Target
6. For updated information, please visit www.ibef.orgWEST BENGAL6
VISION – 2022
Source: Confederation of Indian Industry
Vision
2022
Agriculture
Sanitation &
hygiene Governance
Power generation
Economic
development
Transportation
infrastructure
Health
Providing appropriate
transportation, irrigation and
storage facilities.
Training farmers to use
scientific agri practices.
Use of innovative crop
production methods, research,
new seed technologies.
Red tapism to be minimised or
removed and encouraging
transparency in governance.
Encouraging technological
innovation in providing services and
governance.
Development of sanitation and
hygiene infrastructure, supporting
urban development.
Ensuring fresh water supply and
clean drinking water in rural areas.
The state to act as an exporter
of power.
Introducing reforms in sector to
improve overall efficiency.
Encouraging renewable energy
power plants.
Building niche for manufacturing
and services sector in state.
Providing funding support,
infrastructure, land and logistics
to high importance sectors.
Facilitating road connectivity
throughout the state, upgrading
air transportation, transformation
of the state’s port to world class
facilities for container
management and shipping.
Implementation of social security
schemes and enforcing various
health & food policies.
Improving medical infrastructure by
improving quality of healthcare.
Education
Ensuring primary education to all.
Upgradation of capacity,
infrastructure and teaching methods
of higher educational institutes.
Encouraging skill based education
(vocational training).
Note: HYV: High Yielding Variety
7. For updated information, please visit www.ibef.orgWEST BENGAL7
WEST BENGAL FACT FILE
Source: West Bengal Industrial Development Corporation, Census 2011
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.
Bengali is the official language of the state, though English and Hindi
are also widely used. Nepali is spoken primarily in Darjeeling district.
Kolkata, Siliguri, Asansol, Durgapur, Raniganj, Kharagpur, Haldia,
Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are some
of the key cities in the state.
West Bengal's climate varies from tropical savannah in the southern
portions to humid sub-tropical in the north.
Source: Maps of India
Parameters West Bengal
Capital Kolkata
Geographical area (lakh sq. km) 88,752
Administrative districts (No) 23
Population density (persons per sq. km) 1,028
Total population (million) 91.3
Male population (million) 46.9
Female population (million) 44.4
Sex ratio (females per 1,000 males) 957
Literacy rate (%) 77.08
8. For updated information, please visit www.ibef.orgWEST BENGAL8
WEST BENGAL IN FIGURES
Parameter West Bengal India
GSDP as a percentage of all
states’ GSDP
6.30 100.00
GSDP growth rate (%) 12.47 9.8
Per capita GSDP (US$) 1,681.49 1,975.05
West Bengal’s Contribution to Indian Economy (2017-18)
Parameter West Bengal India
Installed power capacity
(MW) (as of November 2018)
10,518.24 346,619.37
Wireless subscribers (No)
(as of September 2018)
58,475,483 1,169,291,183
Internet subscribers (Mn)
(as of June 2018)
20.77 512.26
National highway length (km)
(as of February 2018)
3,004 122,432
Major and minor ports (No) 2 13+187
Airports (No) 3 125
Physical Infrastructure in West Bengal
Parameter West Bengal India
Literacy rate (%) 77.08 74.04
Birth rate (per 1,000
population)
15.4 20.4
Social Indicators
Parameter West Bengal India
Operational PPP projects (No) 14 720
Operational SEZs (No) 7 223
Industrial Infrastructure
Parameter West Bengal India
Cumulative FDI equity inflows
since April 2000 (US$ billion)
4.782 389.721
Investments (as of June 2018)
Note: GSDP, per capita GSDP figures are taken at current prices, exchange rates used is average of 2017-18 i.e. 64.45, For sources refer to Annexure, Including Sikkim and Andaman
and Nicobar Islands
10. For updated information, please visit www.ibef.orgWEST BENGAL10
ECONOMIC SNAPSHOT – GSDP
GSDP of West Bengal at current prices
At current prices, gross state domestic product (GSDP) of West
Bengal is estimated at Rs 10.21 trillion (US$ 158.40 billion) in
2017-18.
The average annual GSDP growth rate from 2011-12 to 2017-18
was about 11.88 per cent.
108.55
108.63
111.88
117.43
121.80
131.04
158.40
5.20
5.91
6.77
7.18
7.97
8.79
10.21
0
2
4
6
8
10
12
0
20
40
60
80
100
120
140
160
180
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ billion Rs trillion
CAGR (in Rs) 11.88%
GSDP per capita of West Bengal at current prices
1,182
1,171
1,195
1,241
1,275
1,358
1,625
56,693
63,786
72,272
75,916
83,456
91,114
104,751
0
20,000
40,000
60,000
80,000
100,000
120,000
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ Rs
CAGR (in Rs) 10.77%
The state’s per capita GSDP^ in 2017-18 was Rs 104,751
(US$ 1,625) as compared to Rs 56,693 (US$ 1,182) in 2011-
12.
The per capita GSDP increased at a Compound Annual
Growth Rate (CAGR) of 10.77 per cent between 2011-12 and
2017-18.
Note: Exchange rates used are average of each year - provided on page 48, Update for 2018-19 may be available in West Bengal Economic Review 2018-19 or through MOSPI
Source: MOSPI
11. For updated information, please visit www.ibef.orgWEST BENGAL11
ECONOMIC SNAPSHOT – NSDP
NSDP of West Bengal at current prices
98.69
99.10
102.06
106.54
110.91
119.55
144.50
4.73
5.40
6.17
6.51
7.26
8.02
9.31 0
1
2
3
4
5
6
7
8
9
10
0
20
40
60
80
100
120
140
160
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ billion Rs trillion
CAGR (in Rs) 11.95%
At current prices, net state domestic product (NSDP) of West
Bengal was estimated at Rs 9.31 trillion (US$ 144.50 billion) in
2017-18.
The average annual NSDP growth rate from 2011-12 to 2017-18
was 11.95 per cent.
The state’s per capita NSDP in 2017-18 was Rs 95,562
(US$1,483) as compared to Rs 51,543 (US$ 1,075) in 2011-12.
The per capita NSDP increased at a CAGR of 10.84 per cent
between 2011-12 and 2017-18.
NSDP per capita of West Bengal at current prices
1,075
1,069
1,090
1,126
1,161
1,239
1,483
51,543
58,195
65,932
68,876
75,992
83,126
95,562
0
20,000
40,000
60,000
80,000
100,000
120,000
0
200
400
600
800
1,000
1,200
1,400
1,600
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
US$ Rs
CAGR (in Rs) 10.84%
Source: MOSPI
Note: Exchange rates used are average of each year - provided on page 48, Update for 2018-19 may be available in West Bengal Economic Review 2018-19 or through MOSPI
12. For updated information, please visit www.ibef.orgWEST BENGAL12
ECONOMIC SNAPSHOT – PERCENTAGE
DISTRIBUTION OF GSVA
In 2017-18, the tertiary sector contributed 54.00 per cent of the
state’s GSVA at basic prices, followed by the primary sector (24.36
per cent) and secondary sector (21.64 per cent).
At a CAGR of 12.99 per cent, the tertiary sector has been the fastest
growing among the three sectors from 2011-12 to 2017-18.
The primary sector grew at a CAGR of 11.08 per cent, followed by
secondary sector at a CAGR of 8.78 per cent, between 2011-12 and
2017-18.
GSVA composition by sector
24.95% 24.36%
25.13%
21.64%
49.92% 54.00%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011-12 2017-18
Primary Secondary Tertiary
11.08%
12.99%
8.78%
CAGR*
Note: *in Rs terms, Update for 2018-19 may be available in West Bengal Economic Review 2018-19 or through MOSPI
Source: MOSPI
13. For updated information, please visit www.ibef.orgWEST BENGAL13
ECONOMIC SNAPSHOT – FDI INFLOWS &
INVESTMENTS
According to the Department of Industrial Policy & Promotion (DIPP),
FDI inflows in West Bengal, along with Sikkim and Andaman &
Nicobar Islands, during April 2000 to June 2018, totalled US$ 4,782
million.
West Bengal contributes around 1 per cent of the total FDI inflows of
the country.
The state has the potential to become a logistics hub and attract over
Rs 50 billion (US$ 0.71 billion) in investments in logistics by 2020.
Source: Department of Industrial Policy & Promotion (DIPP)
Note: 1Includes West Bengal, Sikkim and Andaman & Nicobar Islands, ^up to June 2018
FDI Inflows in West Bengal in April 2000-June 20181
(US$ million)
4,782
394
424
436
239
955 50
218
579
1,488
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
FY01-FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19^
FY01-FY19^
14. For updated information, please visit www.ibef.orgWEST BENGAL14
ECONOMIC SNAPSHOT – WEST BENGAL’S EXPORT
TRENDS
Total exports from the state stood at US$ 9,148.22 million during 2017-18. Exports during April-September 2018 stood at US$ 4,949.31 million.
Major items exported from West Bengal are Iron and Steel and Petroleum Product etc.
During 2017-18, total exports of Iron and Steel from West Bengal stood at US$ 1,132.69 million which was 12.38 per cent of the total exports.
Source: Directorate General of Commercial Intelligence and Statistics
Export Trend (US$ million)
9,088.00
7,470.30
8,236.25
9,148.22
4,949.31
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2014-15 2015-16 2016-17 2017-18 2018-19*
Composition of Major Item Exported (2017-18)
12.38%
8.54%
7.78%
7.66%
6.63%
6.57%5.21%
4.16%
41.06%
Iron and Steel Gold and Other Precious Metals
Petroleum Products Leather Goods
Marine Products Products of Iron and Steel
Rice (Other then Basmati) Plastic Raw Materials
Others
Note: *up to September 2018
16. For updated information, please visit www.ibef.orgWEST BENGAL16
PHYSICAL INFRASTRUCTURE – ROADS
Source: Ministry of Road Transport & Highways, Budget 2016-17
West Bengal has a total road length of around 316,730 km#. The
national highways running through the state cover approximately
3,004 km, as of February 2018.
In the state budget 2018-19, the Government of West Bengal
allocated US$ 773.53 million to Public Works (Roads) Department.
Expenditure incurred for development of National Highways in the
state reached US$ 150.02 million during 2017-18*.
As of August 2018, 14,380 habitations were eligible under Pradhan
Mantri Gram Sadak Yojana (PMGSY), out of which 13,416 were
cleared and further 12,630 habitations were connected.
Road type Length (in km)
Total road length 316,730#
National highways 3,004
State highways 4,505#
Development of National highways in West Bengal
138.00
202.90
385.80
163.07
46.45
124.04
182.32
150.02
0
20
40
60
80
100
120
140
160
180
200
0
50
100
150
200
250
300
350
400
450
2014-15
2015-16
2016-17
2017-18*^
National Highways constructed (in km)
Funds Released for development of national highways (in US$ million)
Note: #As of 2016-17, 2017-18* - Funds released are up to February 2018, 2017-18^ - National Highways constructed are up to December, Updated road network data may be available in
West Bengal Economic Review 2018-19
Road Network in West Bengal (as of February 2018)
17. For updated information, please visit www.ibef.orgWEST BENGAL17
PHYSICAL INFRASTRUCTURE – RAILWAYS
West Bengal is well connected through the railway network. The
length of railways was around 4,135 km as of March 2017.
Howrah, Asansol, Sealdah, Bandel, Bardhaman, Kharagpur and
New Jalpaiguri are the main junctions in West Bengal.
Indian Railways has an electric locomotive production unit,
Chittaranjan Locomotive Works (CLW), located on the West Bengal-
Jharkhand border, with a production capacity of 230 engines. It
manufactured 292 BG 3-phase HHP electric locomotives in 2016-17.
Rail Vikas Nigam Limited (RVNL) is going to undertake construction
of a 4.38 km stretch of metro rail from Noapara to Dakshineshwar.
The work is expected to be completed by May 2019. It is estimated
that nearly 55,000 people will be travelling on this section by 2030.
The government is planning to introduce driverless metro trains by
2018, with GoA3 and GoA4 automation systems being used.
Source: Maps of India Ministry of Railways, Government of India
18. For updated information, please visit www.ibef.orgWEST BENGAL18
PHYSICAL INFRASTRUCTURE – AIRPORTS … (1/2)
West Bengal has five operational airports including Bagdogra,
Behala, Cooch-Behar, Durgapur and Kolkata in which three are
domestic airports, one is an international airport and one is a private
airport.
The Netaji Subhash Chandra Bose International Airport located in
Kolkata is the largest airport in the state. A domestic airport, located
at Bagdogra, is maintained as a civil enclave and is operated by
Indian Air Force.
The Kolkata airport was modernised at a estimated cost of US$ 360
million. The modernisation included modern taxiways, a new terminal
& extension of a runway. Passenger handling capacity of Kolkata
airport is around 26 million passengers per annum (mppa)*.
Source: Airports Authority of India
International airport
Domestic airport
Kolkata
Bagdogra
Behala
Durgapur
Behala
Source: Airports Authority of India, Ministry of Civil Aviation
Note: *as per AAI’s National Register 2017
19. For updated information, please visit www.ibef.orgWEST BENGAL19
PHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2)
Source: Airports Authority of India,
Kolkata Aircraft Movement (nos.)
85,696
94,375
99,843
93,605
92,871
97,128
102,485
124,154
148,802
93,072
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Kolkata Passenger Traffic (million)
8.05
9.63
10.30
10.07
10.10
10.92
12.42
15.81
19.89
12.49
0.00
5.00
10.00
15.00
20.00
25.00
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Note: 2018-19* - up to October 2018, MT - Metric Tonnes
Aircraft movement at Kolkata airport increased from 85,696 in 2009-10 to 148,802 in 2017-18. Aircraft movement during 2018-19* stood at 93,072.
Passenger traffic handled at Kolkata airport increased from 8.05 million in 2009-10 to 19.89 million in 2017-18. Passenger traffic during 2018-19*
stood at 12.49 million.
Freight traffic at Kolkata airport increased from 110,256 MT in 2009-10 to 163,323 in 2017-18. In 2018-19*, Kolkata airport handled 95,491 MT of
freight.
20. For updated information, please visit www.ibef.orgWEST BENGAL20
PHYSICAL INFRASTRUCTURE – PORTS AND INLAND
WATERWAYS
West Bengal has two major ports located at Kolkata and Haldia. In 2017-18, the combined volume of goods handled by both the ports of Kolkata
and Haldia, was 57.89 million tonnes. Port traffic at Kolkata and Haldia docks stood at 11,603 thousand tonnes and 28,629 thousand tonnes,
respectively, in 2018-19*.
In light of capacity expansion plans of existing industries near Haldia dock, Kolkata Port Trust has announced plans to upgrade Haldia dock’s
cargo handling capacity by constructing riverine jetties. Traffic at the riverine jetty at outer terminal -1 is expected to be 3.90 MTPA in 2018-19 and
is forecasted to grow to 5.00 MTPA by 2025-26.
Government of India has declared the entire stretch of the Ganges between Haldia and Allahabad as National Waterway-1 (NW-1). NW-1 spans
across a distance of 1,620 km. The 560-km Haldia-Farakka stretch of NW-1 has been developed as part of the multi-modal system for cargo from
Nepal, Bhutan, north Bengal and the northeastern states. In October 2018, PepsiCo transported the country’s first container movement on an
inland vessel from Kolkata to Varanasi.
Source: Ministry of Shipping, Government of India, Indian Port Association
Traffic handled at major ports (‘000 tonnes)
12,875
15,283
16,782
16,173
17,390
11,603
28,511
31,010
33,507
34,141
40,496
28,629
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Kolkata Dock System Haldia Dock Complex
Commodity
Kolkata Dock
System
Haldia Dock
Complex
P.O.L 529 5,483
Other Liquids 376 3,304
Iron Ore (Incl pellets) 7 277
Fertilizers (finished + raw) 125 432
Coal 1,584 11,032
Containers 7,101 2,151
Others (Misc. Cargo) 2,323 5,069
Commodity-Wise traffic handled at major ports in 2018* (‘000
tonnes)T
Note: * as of April to November 2018, T - Tentative
21. For updated information, please visit www.ibef.orgWEST BENGAL21
PHYSICAL INFRASTRUCTURE – POWER
As of November 2018, West Bengal had a total installed power
generation capacity of 10,518.24 MW, of which 6,577.95 MW was
under state utilities, 2,769.52 MW was under the private sector and
1,170.77 MW was under central utilities.
Of the total installed power capacity, 8,685.77 MW was contributed
by thermal power, 1,396.00 MW by hydropower and 436.47 MW by
renewable power.
Length of transmission lines in the state has increased from 11,095
CKM in March 2011 to 13,392 CKM in December 2017. During the
same period, capacity of transmission lines increased from 19,236
MVA to 30,271 MVA.
As of November 2018, the state government has approved setting up
of a 1,000 MW power project at a total cost of Rs 6,922 crore
(US$ 986.32 million). The West Bengal State Electricity Distribution
Company is going to avail a Rs 5,000 crore (US$ 712.45 million)
loan from Japan Industrial Cooperation Agency (JICA) for the
project. The project is scheduled to be completed by 2027 with
issuance of letters for consultancy by January 2019.
Source: Central Electricity Authority, West Bengal Economic Survey 2017-18
Note: *As of November 2018
Installed power capacity (MW)
8,316.89
8,567.29
8,616.29
9,224.82
9,842.04
10,258.40
10,382.78
10,637.59
10,518.24
0
2,000
4,000
6,000
8,000
10,000
12,000
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
22. For updated information, please visit www.ibef.orgWEST BENGAL22
PHYSICAL INFRASTRUCTURE – TELECOM
According to Telecom Regulatory Authority of India (TRAI), there were around 58.48 million wireless subscribers and 0.25 million wireline
subscribers in West Bengal, as of September 2018.
By the end of September 2018, 20.54 million subscribers had submitted requests for mobile number portability in West Bengal.
At Bengal Global Business Summit 2018, Reliance Industries Ltd (RIL) announced that it will be investing Rs 5,000 crores (US$ 772.32 million) in
West Bengal to support telecom arm Reliance Jio Infocomm’s operations, its digital ecosystem, and the group’s retail and fuel retail businesses.
Wireless subscribers 58,475,483
Wire-line subscribers 253,530
Internet subscribers (Mn)* 20.77
Tele-density (in%) 89.15
Mobile Number Portability requests (Mn) 20.54
Source: TRAI
*Note: ^As of March 11, 2018, *As of June 2018, #As of July 2018
Telecom Infrastructure (As of September 2018)Performance status of Bharat Net project (as of December 2018)
Total GPs 3,354
GPs connected^ 2,073
Cable laid (kms.) 7,602
GPs for which cable laid 2,248
Service ready GPs
#
2,020
23. For updated information, please visit www.ibef.orgWEST BENGAL23
PHYSICAL INFRASTRUCTURE – URBAN
As of April 2018, one smart city has been short listed in the state of
West Bengal to be developed as a smart city.
60 cities in the state were identified under Atal Mission for
Rejuvenation and Urban Transformation (AMRUT) as of April 2018.
In 2017-18, 2,260 urban beautification schemes for Green Space
Development Projects were undertaken under the Green City
Mission at an estimated cost of Rs 1,180.18 crore (US$ 183.12
million).
As per the state’s Economic Survey 2017-18, few of the
accomplishments of 2017-18 were:
• Seven flyovers and elevated corridors were constructed at an
estimated cost of Rs 1,909 crore (US$ 296.20 million)
• 108 water supply projects were implemented with an investment
of Rs 10,447 crore (US$ 1,620.95 million)
• Seven storm water drainage projects were undertaken at an
estimated cost of Rs 229 crore (US$ 35.53 million)
Number of AMRUT cities with population less
than 1 million
53
Number of AMRUT cities with population
in the range of 1 – 10 million
2
Number of AMRUT cities with population
greater than 10 million
0
Total number of AMRUT cities 55
Classification of AMRUT Cities in West Bengal on the basis of
population
25. For updated information, please visit www.ibef.orgWEST BENGAL25
SOCIAL INFRASTRUCTURE – EDUCATION
West Bengal has a literacy rate of 77.08 per cent; the male literacy rate is 82.67 per cent and the female literacy rate is 71.16 per cent.
As of 2017, West Bengal has 43 universities and 1,341 colleges.
As per state budget 2018-19, the Government of West Bengal allocated US$ 3,818.64 million for school education, US$ 548.54 million for higher
education and US$ 156.04 million for technical education and training in the state.
In 2017-18, the state government constructed 37 primary schools buildings and 202 upper primary school buildings. The government also
undertook construction of 1,235 additional classrooms.
Number of schools
Primary only: 76,514
Upper primary with secondary/higher
secondary: 6,850
Pupil-teacher ratio All schools: 26.8:1
Enrolment of students in
schools (all schools)
Government schools: 12,972,344
Private schools: 996,723
Number of teachers (all
schools)
Government teachers: 512,714
Private teachers: 65,589
Literacy rate 77.08
Male literacy 82.67
Female literacy 71.16
Scheme 2014-15 2015-16 2016-17 2017-18*
SSA Scheme 159.25 129.36 122.50 138.49
MDM scheme 166.80 117.31 170.41 102.76
Note: 2017-18* - up to February 28, 2018, ^as of 2016-17, 2017-18* - up to December 31, 2017; ^ up to September 30, 2017
Literacy rates (%) (Census 2011)
Funds released under education schemes for West Bengal –
US$ million
West Bengal’s education statistics
Source: National Rural Health Mission, Census 2011, Ministry of Human Resource Development, Wsst Bengal Economic Survey 2017-18, State Report Card
26. For updated information, please visit www.ibef.orgWEST BENGAL26
SOCIAL INFRASTRUCTURE – HEALTH
The active health infrastructure of West Bengal comprises of 98 sub district hospitals, 77 district hospitals, 1,455 primary health centres, 512
community health centres and 10,426 sub-centres as of December 18, 2018.
As per state budget 2018-19, US$ 1,354.67 million was allocated to the Health and Family Welfare department.
38 Critical Care Units (CCUs) and 22 High Dependency Units (HDUs) are functional in the state, as per the state’s Economic Survey 2017-18.
The state was allocated US$ 134.21 million worth of funds under National Rural Health Mission (NRHM), up to December 2017. Out of the
allocation the state has incurred expenditure of US$ 91.16 million under the scheme, up to September 2017.
Sub-centres 10,426
Primary health centres 1,455
Community health centres 512
Sub-district hospitals 98
District hospitals 77
Health infrastructure (As of December 18, 2018)
Birth rate
1
15.4
Death rate
1
5.8
Infant mortality rate
2
25
Health indicators (2016)
Source: West Bengal Budget 2016-17, Department of Finance, Government of West Bengal
Note: 1Per thousand persons, 2Per thousand live births, 2017-18* - up to December 31, 2017; ^ up to September 30, 2017
Year
Funds
Allocated
Funds
Released
Expenditure
2014-15 160.90 161.72 182.83
2015-16 134.97 104.52 113.49
2016-17 122.23 110.60 259.94
2017-18* 134.21 145.49 91.16^
Funds allocated and released and expenditure under National
Rural Health Mission (NRHM)- US$ million
28. For updated information, please visit www.ibef.orgWEST BENGAL28
INDUSTRIAL INFRASTRUCTURE
West Bengal has 12 growth centres for medium and large scale
industries, set up by the West Bengal Industrial Development
Corporation (WBIDC). There are exclusive growth centres for
electronics, software technology and export processing.
As of July 2018, West Bengal had 21 SEZs; of which, 7 are
operational, 5 are notified, 7 are formally approved and 2 have in-
principle approval.
West Bengal’s major industrial areas are Haldia, Kolkata, Asansol-
Durgapur region, and Kharagpur.
In state budget 2018-19, an amount of Rs 123 crores (US$ 18.1
million) has been extended to develop and modernize the Industrial
Parks and Growth Centers to attract entrepreneurs.
Source: West Bengal Industrial Development Corporation, State Budget 2018-19
Some of the industrial parks in West Bengal
Project name Industry
Food Park (Phase-I & II ) Food processing
Poly Park Polymer products
Rubber Park
Rubber footwear, hoses, tubes,
automotive rubber products
Kolkata Biotech Park Biotechnology products
Plasto Steel Park (Phase-I & II) Iron and steel and plastic products
Vidyasagar Industrial Park Engineering and manufacturing
Shalboni Industrial Park Iron & steel
Panagarh Industrial Park Engineering and manufacturing
Raghunathpur Steel & Allied
Industrial Park
Iron & steel, cement and power
Foundry Park (Phase-I & II )
Castings, forge and foundry
products
Rishi Bankim Industrial Park Multi-product
Garment Park Garments
Shilpangan (Light Engineer.
Park)
Light engineering products
29. WEST BENGAL
KEY SECTORS
Tea
Petroleum and Petrochemicals
Information Technology
Agriculture and Allied Industries
Tourism
30. For updated information, please visit www.ibef.orgWEST BENGAL30
KEY SECTORS – TEA … (1/2)
West Bengal 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. Tea production between April-October 2018 reached
289.32 million kgs.
Tea gardens in the state are located in Darjeeling and Jalpaiguri, the
two northern districts of West Bengal.
Darjeeling tea has a geographical indication (GI) status that is
recognised globally. It is regarded by connoisseurs as the
Champagne of Teas.
Source: Tea Board of India
Some of the key players
Tata Global Beverages
Goodricke Group Ltd
Mcleod Russel India Ltd
Duncans Industries Ltd
Production of tea (in million kg)
236.78
223.33
228.31
269.43
287.32
312.10
324.26
329.70
357.39
387.86
289.32
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Note: 2018-19*- From April to October 2018
31. For updated information, please visit www.ibef.orgWEST BENGAL31
KEY SECTORS – TEA … (2/2)
GGL, a part of Camellia plc. UK, is engaged in the cultivation, manufacture, and sale of tea in India. The company
launched cold tea and has entered the ready-to-drink products market in 2009.
It has 17 gardens, including three gardens in Darjeeling, two in Assam and 12 in Jalpaiguri.
Goodricke Group Ltd
(GGL)
Mcleod Russel India
Ltd
Mcleod Russel is the largest tea producer in the world with over 100 million kg of tea every year from tea estates
in Assam, West Bengal, Vietnam, Uganda and Rwanda, employing 90,000 people. It is also India’s largest tea
exporter.
The company has its registered office in Kolkata.
The five tea estates in Jalpaiguri district produce 6.27 million kg of tea annually. The total estimated crop
production is 6,275 tonnes.
Duncans Industries
Ltd
Duncans Industries Ltd, headquartered in Kolkata, is a part of the diversified Duncan-Goenka Group, established
in 1859.
The company has 12 tea estates, located in the Doors, Terai and Darjeeling.
The company markets tea under the Runglee Rungliot, Double Diamond, Shakti, Sargam and No1 brands.
Tata Global Beverages
Tata Global Beverages, formerly known as Tata Tea, is the largest brand of tea in India. It acquired the Earth
Rules, an Australian company under the MAP brand, in 2014. Tata Global Beverages is the second largest tea
player across the globe.
The company has six major brands in the Indian market: Tata Tea, Tetley, Kannan Devan, Chakra Gold, Agni and
Gemini. It has its headquarters and tea estates in West Bengal.
Source: Company Websites, News Articles
32. For updated information, please visit www.ibef.orgWEST BENGAL32
KEY SECTORS – PETROLEUM AND
PETROCHEMICALS … (1/2)
West Bengal is a key producer of petroleum and petrochemicals. Production of natural gas in the state^ reached 410.30 million cubic metres in
2018-19*.
Indian Oil Corporation is going to invest Rs 10,000 crore in its Haldia refinery over a period of four years to comply with Bharat Stage VI. In the first
phase of investment, the company is going to set up a hydro cracker unit which will increase its production capacity to 8 MTPA from 7.5 MTPA.
Mitsubishi Chemicals and Corporation, a Japan based chemicals major, has invested US$ 780 million in a Purified Terepthalic Acid (PTA) plant at
Haldia.
As of November 2018, Great Eastern Energy Corporation Limited (GEECL) is going to invest up to US$ 2 billion over the next decade for
extracting shale gas from its Raniganj (South) block in West Bengal.
Source: Petroleum Planning and Analysis Cell, PNG Statistics 2016-17
Exports of select items from West Bengal (US$ million)
561.58
310.93
711.92
375.05
178.19
135.66
210.66
104.67
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
800.00
2015-16
2016-17
2017-18
2018-19**
Petroleum Products Organic Chemicals
Note: 2018-19* - up to October 2018, ^Including Madhya Pradesh and Jharkhand, 2018-19** - up to September 2018
Production of natural gas in West Bengal (million cubic meters)
156.49
223.68
389.42
555.07
531.07
410.30
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*^
33. For updated information, please visit www.ibef.orgWEST BENGAL33
KEY SECTORS – PETROLEUM AND
PETROCHEMICALS … (2/2)
IOCL is India's largest company by sales and the twentieth largest petroleum company in the world.
It owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 MMTPA (1.30 million
barrels per day).
It has a refinery at Haldia, with an installed capacity of 7.5 MTPA, which has grown from 2.5 MTPA in 1975.Indian Oil Corp Ltd
(IOCL)
Oil India Ltd (OIL)
OIL, established in 1959, is primarily engaged in exploration, development, production and transportation of crude
oil and natural gas in India. OIL owns 10 crude oil pumping stations and 17 repeater stations spread across
Assam, West Bengal and Bihar.
The state-of-the-art pipeline has the capacity to transport 8 MTPA of crude and feed four public sector refineries in
north-east India. The company also owns and operates a 654-km petroleum product pipeline connecting
Numaligarh Refinery Limited in Assam to Siliguri in West Bengal.
Haldia Petrochemicals
Ltd (HPL)
HPL is a modern, naphtha-based petrochemical complex located at Haldia, 125 km from Kolkata.
It is a joint venture project of the Government of West Bengal, with the Chatterjee Group, the Tata Group and
IOCL as major stakeholders.
It has the capacity to produce 700,000 tonnes of ethylene per annum and process over 3,50,000 tonnes per
annum of polymers.
Source: Company Websites, News Articles
34. For updated information, please visit www.ibef.orgWEST BENGAL34
KEY SECTORS – INFORMATION TECHNOLOGY … (1/2)
As of March 2018, West Bengal had 5 operational IT/ITeS SEZs. A
number of towns such as Durgapur, Siliguri and Haldia are also
emerging as suitable IT destinations with appropriate infrastructure in
the form of software technology parks (STP).
West Bengal plans to raise its share in the country’s IT exports to 25
per cent by 2030. Total export from IT sector of the state is estimated
to have crossed Rs 19,000 crores (US$ 2.83 billion) in 2016-17.
As per state budget 2018-19, the Government of West Bengal
allocated US$ 28.06 million for the development of the IT &
Electronics department in West Bengal.
In August 2018, the state government has launched the Silicon
Valley IT hub project to attract investments in IT/ITeS/ICT and create
state-of-the-art ecosystem for new technologies and innovation.
Further, buoyed by positive response from IT companies, including
four global IT majors, the state government decided to add another
100 acre to the Silicon Valley hub in November 2018.
Source: State Budget 2018-19, State Economic Survey 2017-18
IT Exports from West Bengal (US$ billion)
1.86
2.19
2.06
2.07
2.24
2.29
2.83
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Note: Exchange rates used are average for the year
35. For updated information, please visit www.ibef.orgWEST BENGAL35
KEY SECTORS – INFORMATION TECHNOLOGY … (2/2)
Genpact
Genpact is a global remote processing operations company that provides IT-enabled services to clients across
the world.
It has an 80,000 sq ft facility in Kolkata and inaugurated the second operations centre in the city. This 0.2 million
sq ft SEZ facility has the capacity to accommodate more than 3,000 employees when fully operational.
HCL
HCL Technologies is the largest hardware, system integration, networking solutions and distribution company in
India. HCL’s operations span 31 countries. It has delivery facilities in US, UK, Finland, Poland, Puerto Rico,
Brazil, China, Malaysia, Singapore and India.
In India, the company has offices in 170 cities and 505 service centres reaching 4,000 towns. In West Bengal,
HCL has two offices in Salt Lake City, Kolkata and one in New Town Rajarhat.
A Tata Group company, TCS is a well recognised global services provider for a wide range of IT solutions,
consulting, BPO, engineering services and IT infrastructure.
The company has offices in more than 46 countries and around 80 locations in India. It has ten offices in Kolkata.Tata Consultancy
Services (TCS)
Cognizant Technology
Solutions (CTS)
CTS is a global e-business and application development company.
CTS services several large clients from the banking, hospitality (restaurant), healthcare, financial and information-
driven sectors of the global market.
The company has started work on the second phase of expansion at its Bantala campus, near Kolkata, at an
estimated cost of US$ 41.7 million.
Source: Company Websites, News Articles
36. For updated information, please visit www.ibef.orgWEST BENGAL36
KEY SECTORS – AGRICULTURE AND ALLIED
INDUSTRIES
Source: Department of Animal Husbandry, Dairying & Fisheries, Department of agriculture cooperation and farmers welfare, News Articles
West Bengal’s fish production (in million tonnes)
1.47
1.49
1.58
1.62
1.67
1.70
1.74
1.85
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18E
2018-19A
West Bengal has six agro-climatic zones & offers a diverse variety of environments for agriculture and horticulture production.
The state has a long coastline (over 150 km) & innumerable water bodies, reflecting the huge potential for inland fishing and fish cultivation.
Fish production in the state has increased from 1.47 million tonnes in 2011-12 to 1.74 million tonnes in 2017-18E. The state is anticipating 1.85
million tonnes of production in 2018-19.
Also, the state is the largest producer of rice in India. Rice is the principal food crop of West Bengal. In 2017-18*, rice production in the state
reached 14.99 million tonnes. Further, the state is also the country’s second largest potato producer.
West Bengal’s rice production (in ’000 tonnes)
14,340.70
13,045.90
14,605.80
15,023.70
15,370.70
14,677.20
15,953.90
15,302.50
14,990.00
0
5000
10000
15000
20000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18*
Note: *As per second advance estimates, E – Estimate, A - Anticipated
37. For updated information, please visit www.ibef.orgWEST BENGAL37
KEY SECTORS – TOURISM
West Bengal’s diversity in flora and fauna makes it an attractive
destination for tourism.
The state has good infrastructure for encouraging tourists. Netaji
Subhash Chandra Bose Airport in Kolkata is an international airport.
Tourist destinations are accessible due to a wide network of national
and state highways. Howrah, Sealdah & New Jalpaiguri are major
railway hubs.
In 2017 (P), domestic tourist arrivals in the state were 79.69 million
and foreign tourist arrivals had crossed over 1.57 million.
As per state budget 2018-19, Government of West Bengal allocated
US$ 57.18 million for the development of tourism sector in the state.
West Bengal’s tourist inflows (in millions)
22.3
23.5
23.9
26.7
50.4
71.7
76.0
81.3
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
2010
2011
2012
2013
2014
2015
2016
2017P
Source: Ministry of Tourism, Government of India
Note: P – Provisional, Confirmed figures for 2017 and updated figures for a part of 2018 may be released in West Bengal Economic Review 2018-19
39. For updated information, please visit www.ibef.orgWEST BENGAL39
SINGLE-WINDOW APPROVAL MECHANISM
‘Shilpa Bandhu’ or the State Investment Facilitation Centre (SIFC) is the state-level nodal agency for single-window clearances in West Bengal.
The purpose of ‘Shilpa Bandhu’ is to provide guidance and information to investors about policies and programmes of the state. The agency is
monitored by an empowered committee.
SIFC offers assistance in the following areas:
• Approvals from the Secretariat for Industrial Assistance and Foreign Investment Promotional Board.
• Registration by Directorate of Industries.
• Clearance from the Pollution Control Board.
• All clearances related to power.
• Identification, allotment, mutation/conversion of land and other infrastructural facilities.
Guidance to entrepreneurs on investment prospects in over 200 ready projects developed by WBIDC.
District Industry Centre (DIC) is the district-level committee for single-window clearance that provides sanctions and clearances for setting up
small scale industrial units in the state.
The committee is convened by the General Manager, District Industries Centre and includes the Environmental Engineer of the West Bengal
Pollution Control Board, Superintendent Engineer/Executive Engineer of West Bengal State Electricity Board, District Officer of Housing and
Urban Development Authority and the Assistant Director of Factories.
40. For updated information, please visit www.ibef.orgWEST BENGAL40
KEY INVESTMENT PROMOTION OFFICES
Agency Description
West Bengal Industrial Development
Corporation Limited (WBIDC)
WBIDC focuses on financing medium and large scale industries.
It provides assistance service and facilitates investment proposal through “Shilpa Bandhu”.
It promotes joint sector and assisted sector units in important industry segments.
West Bengal Industrial Infrastructure
Development Corporation
(WBIIDC)
WBIIDC is responsible for balanced and well-planned industrial development in the state.
West Bengal Small Industries
Development Corporation Ltd
(WBSIDC)
Set up in 1961, WBSIDC is the promotional agency for growth and development of industries and
commercial activities in the small and medium sector in the state.
WBSIDC has developed 38 industrial and commercial estates all over the state.
West Bengal Electronics Industry
Development Corporation Limited
(WEBEL)
WEBEL is responsible for development of the electronics and IT/ITeS industries in the state.
It assists investors in obtaining all necessary approvals for new projects and facilitates setting up of IT
and electronics industry.
West Bengal Finance Corporation
(WBFC)
WBFC is a state level financial institution to help the small, medium and tiny sector enterprises to
implement their new/expansion/modernisation or technological upgradation schemes.
41. For updated information, please visit www.ibef.orgWEST BENGAL41
CONTACT LIST
Agency Description
West Bengal Industrial Development Corporation Limited(WBIDC)
"Protiti", 23, Abanindranath Tagore Sarani, (Camac Street)
Kolkata - 700017,
Phone: 91 33 2255 3700 - 705
Fax: 91-33-2255 3737
Email: wbidc@wbidc.com
Website: http://www.wbidc.com/
West Bengal Industrial Infrastructure Development Corporation (WBIIDC)
5-Council House Street, Third floor, Kolkata – 700011
Phone: 22305804-08
Email: tridibB@wbiidc.org
West Bengal Small Industries Development Corporation Limited (WBSIDC)
Shilpa Bhawan, 31 Black Burn Lane, Kolkata-700 012,
Phone: 91-033-2237 3895
Email: md@wbsidcl.com
West Bengal Electronics Industry Development Corporation Limited (WEBEL)
Webel Bhavan, Block-EP & GP, Sector-V, Salt Lake
Kolkata-700 091
Phone: 91- 33- 2357 1704/06
Fax: 91-33-2357 1708 /2357 1739
Email: contact@webel-india.com
West Bengal Finance Corporation (WBFC)
12A, Netaji Subhas Road, 3rd and 4th floor,
Kolkata-700 001
Phone: 91-33-2230 0055/3259/4954/3083
Fax: 91-33-2230 1250, 2230 3259
E-mail: administraton@wbfconline.org
Website: www.wbfconline.org
42. For updated information, please visit www.ibef.orgWEST BENGAL42
KEY APPROVALS REQUIRED
List of approvals and clearances required Department
Incorporation of company Registrar of Companies
Registration, Industrial Entrepreneurs Memorandum (IEM),
industrial licenses Department of Industries, West Bengal State Government
Permission for land use
Allotment of land
West Bengal Industrial Development Corporation (WBIDC), West Bengal Industrial
Infrastructure Development Corporation, West Bengal Small Scale Industries
Development Corporation
Site environmental approval
West Bengal Pollution Control Board (WBPCB)No-Objection Certificate and consent under Water and
Pollution Control Act
Registration under States Sales Tax Act and Central and
State Excise Act Excise Department, Government of West Bengal
Commercial taxes
Sanction of power
West Bengal State Electricity Distribution Company Limited (WBSEDCL), Kolkata
Electric Supply Corporation, Damodar Valley Corporation, Durgapur Projects
Limited, Dishegarh Power Supply Company Limited, according to area demarcated
Power feasibility
Power connection
Approval for construction activity and building plan
Public Works Department, Government of West Bengal, State Water Investigation
Department, Public Health Engineering Department, Government of West Bengal
Water and sewerage clearance
Water connection
43. For updated information, please visit www.ibef.orgWEST BENGAL43
COST OF DOING BUSINESS IN WEST BENGAL
Cost parameter Cost estimate Source
Cost of land (per sq ft) US$ 4 to US$ 100 Industry sources
Hotel room cost (per night) 2015-16 US$ 80 Indian hotel survey
Office space (rent per sq ft per month) US$ 1.0 to US$ 3.0 Industry sources
Residential space (rent per sq ft per
month)
US$ 0.3 to US$ 1.2 Industry sources
Labour cost (minimum wages per day) US$ 2.5 to US$ 4.4
Ministry of Labour and Employment,
Government of India
44. For updated information, please visit www.ibef.orgWEST BENGAL44
STATE ACTS & POLICIES … (1/2)
Objectives
West Bengal Start Up
Policy, 2016-21
The policy was drafted aiming to brace up the culture of start-ups in West Bengal by acknowledging various
auspicious start-ups and promoting them socially.
To boost the establishment of various business incubators in association with the private sector across the state.
Read more
To create a sustainable ecosystem in the MSME sector, which can maximise the utilisation of resources and widen
the area of operation to make the state emerge as the MSME leader in the country in the next ten years.
Micro, Small and Medium
Enterprises Policy 2013 Read more
To eliminate systemic bottlenecks in the process of Industrialisation in the state.
To improve the ease of doing business.
Investment Industrial
Policy West Bengal 2013 Read more
West Bengal Information
Technology and
Electronics Policy 2018
To become one of the leading states in India in the IT, ITeS, ICT and ESDM sectors
To transform into a knowledge-driven, technologically-enabled welfare society with extensive use of IT/ITeS,
thereby increasing employment opportunities and promoting the state as a preferred investment destination.
Read more
To promote IT/ITeS projects of large, medium, small, and micro units to be set up in the state.
West Bengal ICT
Incentive Scheme 2012 Read more
To bring in related industries and services of this growth industry, geared to revenue streams and payback, and
appropriate business model.
To map, conserve and sustainably use bio-resources, particularly those which are unique to the state.
West Bengal
Biotechnology Policy
2013
Read more
45. For updated information, please visit www.ibef.orgWEST BENGAL45
STATE ACTS & POLICIES … (2/2)
West Bengal Tourism
Policy 2016
To achieve growth in excess of 10 per cent in tourist arrivals over the next five years.
To increase availability of branded hotel accommodation rooms in the state to 100,000 by 2020.
To make tourism more sustainable and abide by the basic tenets of environment, social and economic
sustainability.
Objectives
Read more
To facilitate the development, operation, maintenance, management, administration and regulation of special
economic zones in the state.
Special Economic Zone
Act (SEZ) 2003 Read more
47. For updated information, please visit www.ibef.orgWEST BENGAL47
ANNEXURE…(1/2) - SOURCES
Data Sources
GSDP (state) MOSPI
Per capita GSDP figures MOSPI
GSDP (India) MOSPI
Installed power capacity (MW) Central Electricity Authority, as of November 2018
Wireless subscribers (No) Telecom Regulatory Authority of India, as of September 2018
Internet subscribers (Mn) Telecom Regulatory Authority of India as of June 2018
National highway length (km) NHAI, Roads and Building Department - Government of India
Airports (No) Airports Authority of India
Literacy rate (%) Census 2011
Birth rate (per 1,000 population) SRS Bulletin September 2017
Cumulative FDI equity inflows (US$ billion) Department of Industrial Policy & Promotion, April 2000 to June 2018
Operational PPP projects (No) DEA , Ministry of Finance, Government of India
Operational SEZs (No) Ministry of Commerce & Industry, Department of Commerce, July 2018
48. For updated information, please visit www.ibef.orgWEST BENGAL48
ANNEXURE…(2/2) - EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Q2 2018-19 70.18
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India, Average for the year
49. For updated information, please visit www.ibef.orgWEST BENGAL49
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