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West-Bengal-March-2015.Pdf • West Bengal, India‟s sixth largest economy, had a Gross State Domestic Product (GSDP) One of the largest state of US$ 117.4 billion in 2013-14. The state‟s GSDP expanded at a CAGR of 14.5^ per cent economies during 2005-14. • India‟s former President, Pratibha Patil, set the foundation for a US$ 482.2 million IT hub (to be jointly developed by Techno India Group, Webel and IT department of the state Kolkata as the next IT government) in Kolkata in September 2010, and work commenced in December 2010. hub The state government is also planning to develop a software and hardware technology park and negotiations are underway with Intel. • West Bengal has about 500 tanneries, and accounts for 55 per cent of India‟s leather Leading exporter of goods exports. About 22-25 per cent of India‟s tanning activity is undertaken in Kolkata. leather The state government also promotes it by organising regular trade fairs and training programmes. • Kolkata is the prime centre for India‟s jute industry. During 2012-13, West Bengal Largest producer of jute produced 8,228.2* bales of jute, accounting for 79.6 per cent of India‟s total jute production during the same period. Second largest tea • West Bengal is the second largest tea-producing state in India. During 2013-14, it accounted for 25.8 per cent of India‟s total tea production with production of around 312.1 producing state million kgs. Source: Planning Commission Databook, June 2014, Aranca Research *'000 Bales of 180 kg, ^In Indian Rupee terms Major producer of • West Bengal is the second largest producer of potato in India, accounting for about 25 per cent of the country‟s potato output. The state‟s potato production stood at 12.0 million potato tonnes in 2012-13. Hooghly accounts for the largest share of production. • West Bengal is the largest producer of rice in India. In 2012-13, rice production totalled 15.0 million tonnes. In 2011-12, the rice production stood at 14.6 million tonnes, 45 per Largest rice producer cent higher than the normal output, driven by the Green Revolution. Rice production in the state is expected to cross 17.0 million tonnes by 2017. • West Bengal is the third largest state in India in term of mineral production, accounting for Coal rich state about one-fifth of total mineral production. Coal accounts for 99 per cent of extracted minerals. • West Bengal is the largest producer of fish and shrimps in the country, accounting for Leading fish producer around 16.5 per cent of total fish production (9.6 million tonnes) in 2013. Source: Aranca Research, News articles 2012 GeographicGrowing demand and cost Rich labour pool 2022-23 T advantage • There are 22 universities and sizeable research institutes in West Bengal. It Annual • Location advantage makes the state a Annual is host to top-notch institutes like IIT traditional market for eastern India, textile sales Kharagpur and NIT-Durgapur. textile sales US$ 2.9 the Northeast, Nepal and Bhutan. It is US$ 21.5 also a strategic entry point for markets • Knowledge of English is an advantage billion in southeast Asia. for the workforce of West Bengal, billion especially in Kolkata. • Cost of operating a business is lower in Kolkata than in other metropolitan cities. Advantage West Bengal Scope for industrial Excellent connectivity progress • West Bengal offers excellent connectivity to the rest of India in terms • West Bengal has abundant natural resources of minerals and suitable of railways, roadways, ports and agro-climatic conditions for airports. agriculture, horticulture and fisheries. • Major stretches of the golden It is in vicinity to mineral rich states quadrilateral project also pass through like Jharkhand, Bihar and Odisha. the northern districts of the state. • The contribution of the textile industry • The state has already proposed for a to the state‟s GSDP is targeted to rise highway project connecting it with to 10.0 per cent by 2022-23 from 5.2 three countries – Bangladesh, Nepal per cent in 2009-10. and Bhutan, before Union Cabinet. Source: West Bengal Vision 2022-23 T – Target, News articles • Development of sanitation and • Red tapism to be minimised or hygiene infrastructure, supporting removed and encouraging urban development. transparency in governance. • Ensuring fresh water supply and • Encouraging technological clean drinking water in rural innovation in providing services areas. and governance. • Facilitating road connectivity • Building niche for manufacturing and services throughout the state, Sanitation & Governance sector in state. upgrading air transportation, hygiene transformation of the state‟s • Providing funding support, port to world class facilities for infrastructure, land and Transportation Economic container management and logistics to high importance infrastructure development shipping. Vision sectors. 2022 • Providing appropriate • Ensuring primary education to all. Education transportation, irrigation and Agriculture • Upgradation of capacity, storage facilities. infrastructure and teaching • Training farmers to use methods of higher educational Power generation scientific agri practices. Health institutes. • Use of innovative crop • Encouraging skill based education production methods, (vocational training). research, new seed technologies. • Implementation of social security • The state to act as an schemes and enforcing various exporter of power. health & food policies. • Introducing reforms in sector • Improving medical infrastructure to improve overall efficiency. by improving quality of • Encouraging renewable healthcare. energy power plants. Source: Confederation of Indian Industry HYV: High Yielding Variety Kolkata, Siliguri, Asansol, Durgapur, Raniganj, Kharagpur, Haldia, Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are some of the key cities in the state. West Bengal's climate varies from tropical savannah in the southern portions to humid sub-tropical in the north. West Parameters Bengal Capital Kolkata Geographical area (sq km) 88,752 Administrative districts (No) 19 Population density (persons per sq 1,028 Source: Maps of India km)* Total population (million)* 91.3 West Bengal is situated in eastern India and shares its borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. Male population (million)* 46.9 The state also shares international borders with Female population (million)* 44.4 Bangladesh, Bhutan and Nepal. The Bay of Bengal is in the south of the state. Sex ratio (females per 1,000 males)* 950 Bengali is the official language of the state, though English Literacy rate (%)* 77.1 and Hindi are also widely used. Nepali is spoken primarily in Darjeeling district. Source: West Bengal Industrial Development Corporation website, www.wbidc.com Planning Commission Databook, June 2014 *Provisional Data – Census 2011 Parameter West Bengal All states Source Economy Planning Commission Databook, June 2014, GSDP as a percentage of all states‟ GSDP 6.8 100.0 current prices Planning Commission Databook, June 2014, GSDP CAGR (%)* 14.5 11.54*** current prices Planning Commission Databook, June 2014, Per capita GSDP (US$) 1,282.0 1,833.24^ current prices Physical Infrastructure Installed power capacity (MW) 9,258.8 258,701.5 Central Electricity Authority, as of January 2015 Telecom Regulatory Authority of India, as of Wireless subscribers (No) 46,046,694 952,344,219 January 2015 Ministry of Communications & Information Broadband subscribers (No) 579,975** 94,490,000 Technology, as of January 2015 National Highway length (km) 2,909.8 96,260.0 National Highways Authority of India Major and minor ports (No) 2 + 0 13+187 Indian Ports Association Airports (No) 3 125 Airports Authority of India *In Indian Rupee terms for the period 2004-05 to 2013-14; **As of December 2011,***As of November 2014, ^As of December 2014 Parameter West Bengal All states Source Social Indicators Literacy rate (%) 77.1 74.0 Provisional Data – Census 2011 SRS Bulletin (www.censusindia.gov.in), Birth rate (per 1,000 population) 16.1 21.4 September 2013 Investments Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 2.9* 243.2 April 2000 to January 2015 Outstanding investments (US$ billion) 108.4 2,414.2 CMIE (2013-14) Industrial Infrastructure PPP projects (No) 36 1,339 www.pppindiadatabase.com SEZs (No) 9 347 Notified as of March 2015, www.sezindia.nic.in *FDI inflows for Reserve Bank of India„s (RBI‟s) Kolkata region, which includes West Bengal, Sikkim and Andaman & Nicobar Islands PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System At current prices, the gross state domestic product (GSDP) GSDP of West Bengal at current prices of West Bengal is estimated at US$ 117.4 billion in 2013-14. (in US$ billion) 114.8 117.4 114.2 The average annual GSDP growth rate from 2004-05 to 101.1 2013-14 was about 14.5 per cent*. CAGR 14.5%* 84.1 74.1 74.4 52.2 58.0 46.6 2008-09 2004-05 2005-06 2006-07 2007-08 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014 *In Indian Rupee terms At current prices, the Net State Domestic Product (NSDP) of NSDP of West Bengal at current prices West Bengal was estimated at US$ 107.3 billion in 2013-14. (in US$ billion) The average annual NSDP growth rate from 2004-05 to 104.5 107.3 2013-14 was about 14.6 per cent*. 105.0 CAGR 92.3 14.6%* 76.4 67.9 67.3 52.9 47.5 42.4 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014 *In Indian Rupee terms The state‟s per capita GSDP in 2013-14 was US$ 1,282.0 GSDP per capita of West Bengal at current prices as compared to US$ 555.0 in 2004-05. (in US$) The per capita GSDP increased at a Compound Annual 1,282 CAGR 1,276 1,257 Growth Rate (CAGR) of 13.4 per cent* between 2004-05 13.4%* 1,133 and 2013-14.
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