| 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.
As India’s third largest economy,
West Bengal offers significant potential
for future development. The state’s
emphasis in the past has been on rural
development, to promote equitable
economic and social development. Of
late, the state has recognised the need
for rapid economic development and has
taken a number of steps to aggressively
promote development of industries and
services.
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