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West Bengal is the third largest economy in India. Between 1994 and 2004, the
economy of the state grew at an average rate of 8 per cent per annum. The
state's key areas of strength include petrochemicals, steel, food processing and
leather. With around 8 per cent of India's population, West Bengal is one of the
largest consumer markets in the country.
West Bengal is one of the few Indian states with surplus electricity
generation capacity. The state is the largest producer of vegetables and fruits in the country and offers
significant opportunities for the food processing industry.
Proximity to mineral resources and availability of ports gives it a competitive advantage particularly
in sectors such as steel.
A large talent pool and low cost of operations has also helped Kolkata, the state capital, to emerge
as an IT/ITES destination.
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