West Bengal

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Indian Subcontinent >> India >> West Bengal >> Economy of West Bengal

Economy of West Bengal

The economy of this state relies on the industrial growth of the following sectors: petrochemicals, electronics and Information Technology, iron & steel, textiles, leather, edible oils, aquaculture, medicinal plants, rubber, palm oil, tea, chemicals and pharmaceuticals and mineral based industry. Besides, the cottage industries of handicrafts and handloom products also contribute substantially to the state gross domestic product.

Rice grown in the paddy fields of the lowlands remains West Bengal's most important cash crop and tea is a close second. Most multinational companies have left Bengal because of the excessive trade unionism. Work remains undone, strikes are on and the companies suffer great losses. However the state government has lately made major strides in stabilizing the labour situation and invite outside investment in the private and public sectors.

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