Economy of West Bengal
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The economy of West Bengal is a mixed middle-income developing social market economy and the largest Eastern Indian economy with a substantial public sector. It is the India's sixth-largest economy by nominal GDP.
Quick Facts Currency, Fiscal year ...
Currency | Indian Rupee (INR, ₹) |
---|---|
1 April – 31 March | |
Country group |
|
Statistics | |
Population | 91,347,736 (2011 census) |
GDP | ₹18.8 lakh crore (US$240 billion) (2024-25 est.)[3] |
GDP rank | 6th |
GDP growth | 11.5% (2022-2023)[4] |
GDP per capita | ₹141,373 (US$1,800) (2022-2023)[5] |
GDP per capita rank | |
GDP by sector | Agriculture: 23% Industry: 20% Services: 57% (2022–23)[4] |
Population below poverty line | 8.60% 15th in poverty (2022-23)[6] |
0.656 (2022)[citation needed] | |
Unemployment | 3.9% (2018-19)[7] |
Main industries | Coal • steel • manufacturing • leather • IT • food processing • Textiles |
Public finances | |
34.23% of GSDP (2023–24 est.)[7] | |
₹−65,839 crore (US$−8.2 billion) (3.8% of GSDP) (2023–24 est.)[4] | |
Revenues | ₹2.13 lakh crore (US$27 billion) (2023–24 est.)[4] |
Expenses | ₹2.79 lakh crore (US$35 billion) (2023–24 est.)[4] |
All values, unless otherwise stated, are in US dollars. |
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West Bengal is the primary business and financial hub of Eastern India. The state primarily dependent on agriculture and medium-sized industry. West Bengal have Jute industry, Tea industry. West Bengal is rich in minerals like coal.
Since the independence of India, The Green Revolution bypassed the state. However, there has been a significant spurt in food production since the 1980s.[8]