Latest update: June, 2020
Last Updated: June, 2020
BIHAR State Report | June, 2020
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 Gross State Domestic Product (GSDP) of Bihar grew at a CAGR of 12.01 per cent between 2011-12 and 2020-21. Bihar's per capita GSDP increased from US$ 490.62 in 2011-12 to US$ 680.23 in 2018-19 at CAGR of 10.25 per cent.
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 fourth largest producer of vegetables & the eight largest producers 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.
Total FDI for Bihar & Jharkhand, between April 2000 and December 2019, stood at US$ 113 million. In 2019, eight investments were filed in the state and the amount of investments proposed was Rs 671 crore (US$ 96.01 million). Total merchandise exports from the state stood at US$ 1,345.31 million during 2017-18. During 2019-20 (up to Dec 19), the exports stood at US$ 1,260.15 million.
Note: * - 1st Advance Estimates, P – Provisional, ^-3rd advance estimate
Last Updated: June 24, 2019