Last updated on May, 17 2021
Bihar is located in the eastern part of India.
Gross State Domestic Product (GSDP) of Bihar grew at a CAGR of 13.27% between 2015-16 and 2019-20. 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 13.41% (in Rs.) between 2016 and 2021.
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. It is the fourth largest producer of vegetables and 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 provides incentives for information technology and renewable energy.
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.
Note: P - Provisional, ** Includes Jharkhand
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