Topic summary

Economy of West Bengal

Economy of West Bengal

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 India's sixth-largest economy by nominal GDP and contributes to about 6.15% of India's total GDP.

West Bengal is the primary business and financial hub of Eastern India. The state is 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.