Bihar GSDP up, disparity too
The growth is not only higher compared to previous plan period, but also the highest among all Indian statesindia Updated: Feb 20, 2013 14:23 IST
Bihar achieved gross state domestic product (GSDP) of 2.53 lakh crore at current prices during the last year of the 11th plan period (2011-12), which translated into a per capita income of R 25, 653 against the national average of R 60,972.
At constant prices (2004-05), the GSDP of Bihar in 2011-12 stood at Rs 1.53 lakh crore implying a per capita income of Rs 15,417crore.
The survey also revealed, that the problem of low per capita income in Bihar has been accentuated by considerable disparity across the districts in terms of
per capita income.
Releasing the seventh economic survey (2012-13) on Tuesday, deputy chief minister Sushil Kumar Modi said, despite the odds, this impressive growth trajectory could be made possible through various development strategies adopted by the present government.
"The GSDP during the 10th plan at constant prices grew at an annual rate of 5.67%, but grew an annual rate of 11.95% during the 11th plan period, as Bihar's economy witnessed a turnaround. The rate of growth is not only higher compared to previous plan period but one of the highest among all Indian states,"Modi said.
He said, the sectors in which more than 15% growth rate were registered, included manufacturing (18.15%), construction (21.91%), communication (38.41%), trade,
hotels and restaurants (15.10%) and banking and insurance (23.5%). In the primary sector, agriculture and animal husbandry recorded substantial decrease in its share of GSDP, he added. Modi said, the per capita income of Bihar in 2007-08 stood at R11, 615 amounting to 32.4% of the national average, which stood at R35,825.
"The ratio increased substantially to 42.07% but the momentum of growth has to be sustained for many more years if the gap between the per capita income of Bihar and that of the country has to be closed," Modi said.