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Economy of West Bengal
Emerging Economy In India / From Wikipedia, the free encyclopedia
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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 ...
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Currency | Indian Rupee (INR, ₹) |
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1 April – 31 March | |
Country group |
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Statistics | |
Population | ![]() ![]() |
GDP | ![]() |
GDP rank | 6th |
GDP growth | ![]() |
GDP per capita | ![]() |
GDP per capita rank | |
GDP by sector | ![]() ![]() ![]() (2023–24)[6] |
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Population below poverty line | ![]() |
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Unemployment | 3.4% (2021-22)[8] |
Main industries | Coal • steel • manufacturing • leather • IT • food processing • Textiles |
External | |
Exports | ₹102,566 crore (US$12 billion) (2023-24) [9] |
Export goods | IT • gold products • tea • iron and steel • precious metals • marine products • rice • textile products • agricultural products • coal • petrochemicals • leather products • jute • heavy machinery |
Public finances | |
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₹−68,250 crore (US$−8.2 billion) (3.6% of GSDP) (2024–25 est.)[6] | |
Revenues | ₹2.36 lakh crore (US$28 billion) (2024–25 est.)[6] |
Expenses | ₹3.04 lakh crore (US$36 billion) (2024–25 est.)[6] |
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 has jute and tea industry. West Bengal is rich in minerals like coal, limestone, iron ore, copper, lead and zinc.
Since the independence of India, The Green Revolution bypassed the state. However, there has been a significant spurt in food production since the 1980s.[10]