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Its location advantage makes the state a traditional market for eastern India, the Northeast, Nepal and Bhutan.It is also a strategic entry point for markets in Southeast Asia.The state's GSDP expanded at a compound annual growth rate (CAGR) of 11.06 per cent from 2004-05 to 2014-15.Agriculture is the chief occupation in the state and contributed 18.8 per cent to the GSDP in 2014-15.
Some of the initiatives taken by Government of West Bengal have been reforms in tax policy and tax administration.
It was driven by manufacturing, construction and electricity, gas & water supply.
According to CSO data, West Bengal’s GSDP grew at a growth rate of 7.15% in 2014-15 slightly below the national growth rate of 7.30%.
Shilpa Sathi, an effective single-window for large industries as well as MSME Facilitation Centers for MSMEs, provides handholding and guidance on statutory processes.
49 industries/activities have been exempted from pollution control board clearances as a prerequisite to start business All acts/ rules/procedures/protocols/ government circulars/notifications on the portal of departments.