West Bengal is situated in eastern India and shares its borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. 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 South-East Asia. Major stretches of the golden quadrilateral project also pass through the northern districts of the state. West Bengal has abundant natural resources of minerals and suitable agro-climatic conditions for agriculture, horticulture and fisheries. It is in vicinity to mineral rich states like Jharkhand, Bihar and Odisha. It offers excellent connectivity to the rest of India in terms of railways, roadways, ports and airports.

West Bengal, India’s sixth largest state in terms of economic size, had a Gross State Domestic Product (GSDP) of Rs 11.55 trillion (US$ 165.26 billion) in 2018-19. The state’s GSDP grew at a CAGR of 12.06 per cent from 2011-12 to 2018-19.

According to the Department of Industrial Policy & Promotion (DPIIT), FDI inflows in West Bengal, along with Sikkim and Andaman & Nicobar Islands, during April 2000 to September 2019, totalled US$ 5,850 million.