About Bihar: Climate, Information, Geography, Industries, Economy

Latest update: February, 2016

Economic Snapshot: GSDP of Bihar

Bihar's gross state domestic product (GSDP) was at US$ 66.4 billion over 2014-15.

Economic Snapshot: GSDP of Bihar

Economic Snapshot: NSDP of Bihar

Bihar's net state domestic product (NSDP) was at US$ 61 billion over 2014-15.

Break up of outstanding investments in Bihar

 

Factfile

  • Capital:Patna
  • Geographical Area (sq km):94,163
  • State Language:Hindi, English, Urdu and Bhojpuri
  • Literacy Rate:61.8 per cent
  • Key Industries:Food and beverages, rubber and plastics, transport equipment, chemicals, tobacco, textile, leather and dairy

Last Updated: February, 2016

BIHAR State Report | November, 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 is projected to grow at around 13.4 per cent during the 12th Five-Year Plan. Bihar's per capita GSDP increased from US$ 195.8 in 2004-05 to US$ 596.4 in 2014-15.

Bihar is one of the strongest agricultural states. The percentage of population employed in agricultural production in Bihar is around 80 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. Food processing, dairy, sugar, manufacturing and healthcare are some of the fast growing industries in the state. The state has planned initiatives for the development of other sectors such as education and tourism and also provides incentives for information technology and renewable energy.

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 state has a large base of cost effective industrial labour, making it an ideal destination for a wide range of industries.

Recent Developments

  • The government has approved Rs 4,918 crore (US$ 720 million) highway project for widening of National Highways in Bihar and Jharkhand to augment the state's infrastructure.
  • Bihar along with Uttar Pradesh, Odisha and Maharashtra has agreed to join Ujwal Discom Assurance Yojana (UDAY) which has been launched to improve financial and operational efficiencies of power distribution companies, as announced by Mr Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy
  • Indian Railways has issued a Letter of Award (LoA) to US-based General Electric (GE) for a Rs 14,656 crore (US$ 2.2 billion) diesel locomotive factory project at Marhowra, and to French transport major Alstom for Rs 20,000 crore (US$ 3 billion) electric locomotive project in Madhepura, both in the state of Bihar.

Factfile

  • Capital:Patna
  • Geographical Area (sq km):94,163
  • State Language:Hindi, English, Urdu and Bhojpuri
  • Literacy Rate:61.8 per cent
  • Key Industries:Food and beverages, rubber and plastics, transport equipment, chemicals, tobacco, textile, leather and dairy
Bihar Map

Bihar