Bihar currently has 75 industrial areas with 24*7 water and power supply. The state accounts for 85% of the fox-nut production of the country.
Bihar is located in the eastern part of India.
In 2023-24, Bihar’s GSDP at current prices is projected to be Rs. 8.59 trillion (US$ 104.62 billion). The state’s GSDP expanded at a CAGR (in Rs.) of 11.03% between 2015-16 and 2023-24.
Bihar has witnessed strong growth in per capita net state domestic product. At current prices, per capita NSDP of the state grew at a CAGR of 8.45% (in Rs.) between 2015-16 and 2021-22.
Bihar is the fourth largest producer of vegetables and the eight largest producers of fruits in India. Bihar has high agricultural production, making it one of the strongest sectors of the state. The percentage of population employed in agricultural production in Bihar is around 80%, which is much higher than the national average. 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 provides incentives for information technology and renewable energy projects.
The state has a large base of cost-effective industrial labour, making it an ideal destination for a wide range of industries. 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.
As of May 2023, Bihar had a total installed power generation capacity of 7,563.78 MW, of which 6,465.06 MW was contributed by central utilities, 70.70 MW by state utilities and 1,028.02 MW by private utilities.
Bihar’s rapid GDP growth and prompt strides in health and education sectors provides great potential under the One District – One Product (ODOP) programme to contribute to India’s rising exports, stated Mr. Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles.
Dr. Harsh Vardhan, Union Minister for Health and Family Welfare inaugurated six new ‘Outreach Service Centres for Communication Disorders' across the country by All India Institute of Speech and Hearing (AIISH), Mysuru.