Economy Of West Bengal
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Economy Of West Bengal
{{Infobox economy , country = West Bengal , image = Kolkata_Skyline_pic.jpg , image_size = 343px , caption = Kolkata, the financial centre and capital of West Bengal , year = 1 April – 31 March , currency = Indian Rupee (INR, ₹) , organs = While part of Union of India, as in WTO, WCO, SAFTA, BIMSTEC, WFTU, BRICS, G-20, BIS, AIIB, ADB and others , group = {{plainlist, * Developing/emerging *Lower-middle income economy , population = {{increase 91,347,736 (2011 census) {{increase 100,042,000 (2025 est.) , gdp = {{increase {{INRConvert, 20.3, lc (2025-26 FY est.){{increase{{INRConvert, 92.3, lc (GDP PPP) (2025-26 FY est.) , gdp rank = 6th , growth = {{Increase 12% (Nominal) (2025-26 FY) {{Increase 6.8% (Real) (2025-2026 FY){{cite web, url=https://prsindia.org/budgets/states/west-bengal-budget-analysis-2025-26 , title=West Bengal Budget Analysis 2025-26 , work=PRS Legislative Research , date=2025-03-15 , access-date=2025-03-15 , per capita = {{increase { ...
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Kolkata
Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary financial and commercial centre of eastern and northeastern India. Kolkata is the seventh most populous city in India with an estimated city proper population of 4.5 million (0.45 crore) while its metropolitan region Kolkata Metropolitan Area is the third most populous metropolitan region of India with a metro population of over 15 million (1.5 crore). Kolkata is regarded by many sources as the cultural capital of India and a historically and culturally significant city in the historic region of Bengal.————— The three villages that predated Calcutta were ruled by the Nawab of Bengal under Mughal suzerainty. After the Nawab granted the East India Company a trading license in 1690, the area was developed by ...
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List Of Indian States And Union Territories By GDP
These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%. The remaining 48% is sourced from small proprietorship and partnership companies, unorganized sector and households. List Zonal contribution Historical data See also * List of Indian metropolitan areas by GDP * Comparison between Indian states and countries by GDP (PPP) * Economy of India * Foreign-exchange reserves of India * Income in India * List of country subdivisions by GDP over 200 billion US dollars * List of countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries ...
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Lead
Lead () is a chemical element; it has Chemical symbol, symbol Pb (from Latin ) and atomic number 82. It is a Heavy metal (elements), heavy metal that is density, denser than most common materials. Lead is Mohs scale, soft and Ductility, malleable, and also has a relatively low melting point. When freshly cut, lead is a shiny gray with a hint of blue. It tarnishes to a dull gray color when exposed to air. Lead has the highest atomic number of any stable nuclide, stable element and three of its isotopes are endpoints of major nuclear decay chains of heavier elements. Lead is a relatively unreactive post-transition metal. Its weak metallic character is illustrated by its Amphoterism, amphoteric nature; lead and lead oxides react with acids and base (chemistry), bases, and it tends to form covalent bonds. Lead compounds, Compounds of lead are usually found in the +2 oxidation state rather than the +4 state common with lighter members of the carbon group. Exceptions are mostly limited ...
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Copper
Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable, unalloyed metallic form. This means that copper is a native metal. This led to very early human use in several regions, from . Thousands of years later, it was the first metal to be smelted from sulfide ores, ; the first metal to be cast into a shape in a mold, ; and the first metal to be purposely alloyed with another metal, tin, to create bronze, ...
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Iron Ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (, 72.4% Fe), hematite (, 69.9% Fe), goethite (, 62.9% Fe), limonite (, 55% Fe), or siderite (, 48.2% Fe). Ores containing very high quantities of hematite or magnetite (typically greater than about 60% iron) are known as natural ore or irect shipping ore and can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel — 98% of the mined iron ore is used to make steel. In 2011 the ''Financial Times'' quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil". Sources Elemental iron is virtually absent o ...
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Limestone
Limestone is a type of carbonate rock, carbonate sedimentary rock which is the main source of the material Lime (material), lime. It is composed mostly of the minerals calcite and aragonite, which are different Polymorphism (materials science), crystal forms of calcium carbonate . Limestone forms when these minerals Precipitation (chemistry), precipitate out of water containing dissolved calcium. This can take place through both biological and nonbiological processes, though biological processes, such as the accumulation of corals and shells in the sea, have likely been more important for the last 540 million years. Limestone often contains fossils which provide scientists with information on ancient environments and on the evolution of life. About 20% to 25% of sedimentary rock is carbonate rock, and most of this is limestone. The remaining carbonate rock is mostly Dolomite (rock), dolomite, a closely related rock, which contains a high percentage of the mineral Dolomite (mine ...
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Coal
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other Chemical element, elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is a type of fossil fuel, formed when dead plant matter decays into peat which is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous (Pennsylvanian (geology), Pennsylvanian) and Permian times. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its Electricity generation, electricity. Some iron and steel-maki ...
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Jute
Jute ( ) is a long, rough, shiny bast fibre that can be Spinning (textiles), spun into coarse, strong threads. It is produced from flowering plants in the genus ''Corchorus'', of the mallow family Malvaceae. The primary source of the fiber is ''Corchorus olitorius'', but such fiber is considered inferior to that derived from ''Corchorus capsularis''. Jute fibers, composed primarily of cellulose and lignin, are collected from bast (the phloem of the plant, sometimes called the "skin"). The industrial term for jute fiber is ''raw jute''. The fibers are off-white to brown and range from long. In Bangladesh, jute is called the "golden fiber" for its color and monetary value. The bulk of the jute trade is centered in South Asia, with India and Bangladesh as the primary producers. The majority of jute is used for durable and sustainable packaging, such as Gunny sack, burlap sacks. Its production and usage declined as Disposable product, disposable plastic packaging became common, b ...
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Industry (manufacturing)
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed i ...
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Public Sector Undertakings In India
Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments. These types of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government. Depending on the level of government ownership, PSUs are officially classified into two categories: Central Public Sector Undertakings (CPSUs), owned by the central government or other CPSUs; and State Public Sector Undertakings (SPSUs), owned by state governments. CPSU and SPSU is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSUs are granted the status of Maharatna, Navaratna, and Miniratna (Category I and II). Following India's independence in 1947, the limited pre-existing industries were insufficient for sustainable economic growth. The Industrial Policy Resolution of 1956, adopt ...
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East India
East India is a region consisting of the Indian states of Bihar, Jharkhand, Odisha and West Bengal and also the union territory of the Andaman and Nicobar Islands. The states of Bihar and West Bengal lie on the Indo-Gangetic plain. Jharkhand is situated on the Chota Nagpur Plateau. Odisha lies on the Eastern Ghats and the Deccan Plateau. West Bengal's capital Kolkata is the largest city of this region. The Kolkata Metropolitan Area is the country's third largest metropolitan region. The region is bounded by Bhutan, Nepal and the state of Sikkim in the north, the states of Uttar Pradesh and Chhattisgarh on the west, the state of Andhra Pradesh in the south and the country of Bangladesh in the east. It is also bounded by the Bay of Bengal in the south-east. It is connected to the Seven Sister States of Northeast India by the narrow Siliguri Corridor in the north east of West Bengal. East India has the fourth-largest gross domestic product of all Indian regions. The regio ...
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Mixed Economy
A mixed economy is an economic system that includes both elements associated with capitalism, such as private businesses, and with socialism, such as nationalized government services. More specifically, a mixed economy may be variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise. Common to all mixed economies is a combination of free-market principles and principles of socialism. While there is no single definition of a mixed economy, one definition is about a mixture of markets with state interventionism, referring specifically to a capitalist market economy with strong regulatory oversight and extensive interventions into markets. Another is that of active collaboration of capitalist and socialist visions. Yet another definition is apolitical in nature, strictly referring to an economy containing a mixture of private enterp ...
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