Table of Contents
How is Bihar developing?
In economic terms, Bihar was the poorest state in terms of per capita income in 1980 and Uttar Pradesh was the fourth poorest. By 2020, Bihar has remained the poorest while Uttar Pradesh has fallen to the second place. So, in fact, the outcomes have worsened with time in relative terms.
Is Bihar a progress?
The 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.
Why is Bihar lagging behind the rest of India in growth?
The short answer is that Bihar was already lagging behind rest of India pre-independence. The difference got exacerbated in the 90s especially, with liberalization, as many of the other states grew much faster in leaps and bounds while Bihar continued to languish.
When did Bihar fall behind in the race to become a state?
Bihar was already behind, when the race started in 1947 and it would remain so until today. Between 1947 and 1980s Bihar continued to be behind most Indian states. In 1981 it was at 60\% of the national per-capita but by 1999 it had slid to become 35\%.
Is Bihar’s GDP the second fastest growing economy in India?
However, in January 2010, the Indian government’s Central Statistics Organisation reported that in the five-year period between 2004–2005 and 2008–09, Bihar’s GDP grew by 11.03\%, which made Bihar the second fastest growing economy in India during that 5-year period, just behind Gujarat ‘s growth of 11.05\%.
How did the rural economy of Bihar change during the colonial period?
During colonial period the rural as well as the urban economy of Bihar saw a gradual change and challenge for its sustainability. The villages here were never just an agri-based model, rather a holistic and integrated system which gave all its people a respectable job and sufficient income out of it.