Last Updated: May 14, 2015
Latest update: November, 2014
Last Updated: November, 2014
BIHAR State Report | March, 2015
Bihar is located in the eastern part of India. The state is surrounded by Nepal in the north, West Bengal in the east, Uttar Pradesh in the west and Jharkhand in the south. The state enjoys a unique location specific advantage because of its proximity to the vast markets of eastern and northern India, access to ports such as Kolkata and Haldia and to raw material sources and mineral reserves from the neighbouring states.
The economy of the state has grown at around 11.95 per cent during the 11th Five-Year Plan. Bihar's per capita GSDP increased from US$ 195.8 in 2004-05 to US$ 604.8 in 2013-14.
Bihar is one of the strongest agricultural states, with very high productivity. The percentage of population employed in agricultural production in Bihar is estimated to be 74 per cent, which is much higher than the national average. It is the largest producer of vegetables and the second largest producer of fruits in India.
The state government has taken up several initiatives such as the Bihar State Hydro Power Policy 2012 and the Bihar Industrial Incentive Policy 2011 for the development of the state.
Also, these government initiatives provide specific incentives for information technology, renewable energy, sugar, food processing and tourism.