Bengal - At a Glance
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 at the south of the State.
BENGAL AT A GLANCE
- Capital: Kolkata (One of the 4 major metropolitan cities of the country)
- Spoken languages: Bengali, Hindi, English and Nepali
- Population: 91.3 million
- Literacy rate: 77.1%
- 4th largest state economy in India
At the Macroeconomic level, growth rate of West Bengal stands far above the growth rate of India:
|India (Growth, 2015-2016)||West Bengal (Growth, 2015-2016)|
|Gross Value Added (GVA)||7.30%||12.02%|
Gross State Domestic Product (GSDP) (at current Prices):
- 2010-11: Rs. 4, 60,959 Crores (USD 68.79 Billion)
- 2015-16: Rs. 9, 39, 471Crores (USD 140.21 Billion)
- An increase of more than 100% between 2010-11 and 2015-16
Fiscal Deficit (as a percentage of GSDP) has been brought down:
- 2010-11: 4.24%
- 2015-16: 2.68%
Revenue Deficit has been brought down:
- 2010-11: 3.75%
- 2015-16: 1.03%
State's own Taxes have doubled in 4 years:
- 2010-11: Rs. 21, 129 Crores (USD 3.15 Billion)
- 2015-16: Rs. 42, 920 Crores (USD 6.41 Billion)
Plan Expenditure of the Government has gone up by 3 times:
- 2010-11: Rs. 14, 615 Crores (USD 2.18 Billion)
- 2015-16: Rs. 54, 069 Crores (USD 8.07 Billion)
Capital Expenditure has grown by 7 times:
- 2010-11: Rs. 2, 226 Crores (USD 332 Million)
- 2015-16: Rs. 15, 947 Crores (USD 2.38 Billion)
In last 5 years, (2010-11 to 2015-16)
- Plan Expenditure in social sector has increased by 4.5 times
- Agriculture and Agri-allied sector expenditure has grown by 7 times.
- Physical Infrastructure expenditure has grown by 4 times.
We have a large presence in Bengal and the total investments in the State are about 20,000 crores. We have been in this State for a number of years and we continue to invest in this State.
It was a landmark event. I was pleasantly surprised at the scale of the investment proposed and the enthusiasm shown by potential investors. I feel optimistic that Bengal will play part in the resurgence of Indian economy .
I am confident that the Bengal Global Business Summit will presage a new era of entrepreneurship and development in West Bengal. The overall spirit is positive and I am optimistic.
What I greatly appreciate about the West Bengal Government and its Chief Minister is its global vision. I am confident that West Bengal will steadily march forward to the industrial space and become a model in all-round growth and development.
I would rate the summit as a very successful event. This time we build `Brand West Bengal'
The profile of Bengal has changed in the country. Now everybody will be positive about Bengal.
The summit was very well-organized and saw a very good turnout. It was interesting to see many industrialists and investors from all over India and the world here. This is my first time in Kolkata and I was pleasantly surprised by the developments in Bengal. I shall make my govt and businessmen in my country aware of the investment possibilities in Bengal .
West Bengal is taking firm steps towards consolidating its position as a potential tourist destination of India. Our state has unparalleled tourism products that are unique in terms of its beauty, rich culture and history.
Mamata Banerjee supported by her extremely able team has brought a transformational change in the state which is attracting investors like never before.
Bengal Global Business Summit 2015 was a milestone event which gathered a very positive response from the investors and we are looking forward to the next Summit to carry this momentum forward.
The Bengal Global Business Summit has evolved as an annual flagship event for the State Government for showcasing Bengal's potential and inviting investment proposals. Apart from highlighting all the achievements, the State Government should also utilize this platform to initiate a regular dialogue with the business community in order to improve the 'ease of doing business' in the state so that a cadre of empowered entrepreneurs can be groomed for the future which can guarantee job-creation.
Bengal Global Summit 2017
Milan Mela, Kolkata
- Capital: Kolkata
- Area: 88752 sq. km (2.7% of the country's geographical area)
- Population: 91.35 million (7.55% of the country's population)
- Population Density: 1 029/sq. km
- Literacy Rate: 77.1%
- Key Industries: Tea, petroleum and petrochemicals, leather, Iron and steel, manufacturing, MSME food processing,tourism, power, fertilisers, IT, mineral resources, automobile and auto components, biotechnology, fisheries, chemicals, textiles, jute products, vegetable oils, electronics and engineering goods.