West Bengal is Fast Moving Ahead to Become a Manufacturing Hub
Dear Readers,
West Bengal is situated in eastern India and shares its borders with Jharkhand, Bihar, Odisha, Sikkim, and Assam. The state also shares international borders with Bangladesh, Bhutan, and Nepal. The Bay of Bengal is in the south of West Bengal.
At current prices, gross state domestic product (GSDP) of West Bengal is estimated at Rs. 17.13 trillion (US$ 221.39 billion) in FY 2022-23. In FY22, the total exports from the state stood at US$ 12.59 billion. West Bengal exported key items such as iron & steel and marine products. During 2018-19, the state produced a total of 1.85 million tonnes of fish.
West Bengal is one of the growing and is the cultural Capital of India. It is among the top States on the scale of Ease of Doing Business (EoDB). The state is likely to reach the zenith due to abundance of industrial excellence and skilled labour which ideal to fill the gap in value chain of manufacturing. The state is blessed with abundant availability of power, low cost of living and a large reservoir of scientific and technical human resources along with India’s best educational institutions.
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