Economy of West Bengal
Kolkata, the financial centre and capital of West Bengal | |
| Currency | Indian Rupee (INR, ₹) |
|---|---|
| 1 April – 31 March | |
Trade organizations | While part of Union of India, as in WTO, WCO, SAFTA, BIMSTEC, WFTU, BRICS, G-20, BIS, AIIB, ADB and others |
Country group |
|
| Statistics | |
| Population | 91,347,736 (2011 census)
100,042,000 (2025 est.) |
| GDP | ₹20.3 lakh crore (US$240 billion) (2025-26 FY est.) ₹92.3 lakh crore (US$1.1 trillion) (GDP PPP) (2025-26 FY est.) |
| GDP rank | 6th |
GDP growth | 12% (Nominal) (2025-26 FY) 6.8% (Real) (2025-2026 FY) |
GDP per capita | ₹204,781 (US$2,400) (2025-2026 FY) |
GDP per capita rank | |
GDP by sector | Agriculture: 17.77% Industry: 26.93% Services: 55.30% (2024–25) |
| 3.63% | |
Population below poverty line | 8.60% 15th in poverty (2022-23) |
| 0.25 (2023-24) | |
| 0.661 (2023) | |
| Unemployment | 3.4% (2021-22) |
Main industries | Coal • steel • manufacturing • leather • IT • food processing • Textiles • cement • jute • jwellery • marine |
| External | |
| Exports | ₹102,566 crore (US$12 billion) (2023-24) |
Export goods | IT • gold products • tea • iron and steel • precious metals • marine products • rice • textile products • agricultural products • coal • petrochemicals • leather products • jute • heavy machinery |
FDI stock | ₹13,945.50 crore (US$1.6 billion) (Oct 2019 - Dec 2024) |
| Public finances | |
| 37.98% of GSDP (2025–26 est.) | |
| ₹−73,177 crore (US$−8.7 billion) (3.6% of GSDP) (2025–26 est.) | |
| Revenues | ₹2.66 lakh crore (US$31 billion) (2025–26 est.) |
| Expenses | ₹3.13 lakh crore (US$37 billion) (2025–26 est.) |
All values, unless otherwise stated, are in US dollars. | |
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.