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West Bengal is the third largest economy in the country with a Net State
Domestic Product (NSDP) of US$ 21.5 billion (2004).West Bengal lies in the
mineral rich eastern region of India and has rich reserves of coal, limestone,
dolomite and granite. The state is the commercial and business hub for eastern
and north-eastern regions of India.
Source: West Bengal Statistical Handbook 2002 and Budget
Between 1994 and 2004, the Compounded Average Growth Rate of West Bengal's
real NSDP was 8 per cent, increasing from US$ 10.75 billion to US$ 21.47
billion. In 2003-04,West Bengal's per capita income stood at US$ 395.
Source: Report on West Bengal Economy 2003, Budget 2004
The services sector is the largest contributor to the Gross Domestic Product
(GDP). Its share in the State Domestic Product increased from 41 per cent in
1991 to 51 per cent in 2002. Major contributors to the services sector are
software (34 per cent) and communication (24 per cent). The state's industrial
sector too has shown a growth of over 7 per cent since 1995. Agriculture
accounts for 27 per cent of the state's economy.
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