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File: Theory Of Production Pdf 126667 | 1626188186a3994
economic survey 1 economic survey 2020 21 economy of bihar an overview according to recent estimates bihar gross state domestic product gsdp grew by 10 5 in 2019 20 as ...

icon picture PDF Filetype PDF | Posted on 12 Oct 2022 | 3 years ago
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                                                                      Economic Survey 
             1.   Economic Survey 2020-21 
             Economy of Bihar : An Overview 
                According to recent estimates, Bihar Gross State Domestic Product (GSDP) 
                 grew by 10.5% in 2019-20 as compared to 4.2% in Indian economy. This 
                 commendable growth of Bihar's economy was recorded in 2018-19. 
                The development process that started in Bihar a little over a decade ago is 
                 still going on. In recent years, Bihar has attracted attention for its remarkable 
                 progress on the development front throughout the country, even abroad. 
                The growth rate of Bihar's real gross state domestic production was 10.5% in 
                 2019-20, which is higher than the growth rate of Indian economy. 
                The growth rate of Primary Sector of Bihar was 3.6%, which is slightly less 
                 than the rate of 3.9% for the whole of India. 
                But for both the Secondary and Tertiary sectors, Bihar's growth rates are 
                 significantly higher than overall India. 
                It  should  also  be  underlined  that  the  state  government  has  managed  its 
                 finances wisely in the recent period. 
                Especially Bihar has strictly followed the provisions Fiscal Responsibility and 
                 Budget Management Act. 
                However, it is important to note that the current trend of development of 
                 the economy of Bihar in 2020-21 due to the Covid-19 pandemic is uncertain. 
             Socio-economic Returns of the State: - 
                The  population  of  a  state  plays  very  significant  and  important  role  in 
                 determining its development outcomes. 
                According to the 2011 census, Bihar had a population of 10.41 crore which 
                 was 8.6 percent of the total population of India. 
                About  90%  population  of  the  state  lives  in  rural  areas.  This  has  all  the 
                 implications for development. 
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...Economic survey economy of bihar an overview according to recent estimates gross state domestic product gsdp grew by in as compared indian this commendable growth s was recorded the development process that started a little over decade ago is still going on years has attracted attention for its remarkable progress front throughout country even abroad rate real production which higher than primary sector slightly less whole india but both secondary and tertiary sectors rates are significantly overall it should also be underlined government managed finances wisely period especially strictly followed provisions fiscal responsibility budget management act however important note current trend due covid pandemic uncertain socio returns population plays very significant role determining outcomes census had crore percent total about lives rural areas all implications...

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