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Posted by / 03-Jan-2020 03:59

The most impactful change has been the digitising of services.New as well as old businesses are required to submit data less frequently and services can be provided more efficiently and more securely for everyone.Getting fire licenses, environment clearances, power connections, etc, have become easier and time-bound.The above initiatives along with a host of other policies and incentives have been introduced by West Bengal Government to ensure industry friendly environment and a well thought of strategy to help bring new investment in the state.The average annual NSDP growth rate from 2004-05 to 2014-15 was about 11.05 per cent.The state’s per capita GSDP in 2014-15 was US$ 1,450.0 as compared to US$ 555 in 2004-05.

Aided by Investment and Industrial Policy 2013 and other sectoral policies, there is reduced documentation burden.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%.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.

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The state has surpassed some of the bigger states like Maharashtra (5.66%), Rajasthan (5.75%), Uttar Pradesh (6%) and Karnataka (7.05%) in the growth rates for 2014-15.