Collaborative Efforts Key to Eastern India's Development
Outlook Business|February 2024
The eastern region of India presents a paradox, being commonly characterised as a region abundant in resources yet plagued by poverty. It is imperative that governmental support, both at the Central and state levels, be directed towards this region to foster a conducive environment for business. Business growth alone can break down forever the persistent barrier of poverty in this region.
Collaborative Efforts Key to Eastern India's Development

Despite the implementation of various social development initiatives by the Central government, such as the Prime Minister Jan Dhan Yojna (PMJDY), Anna Yojna (PMGKAY), Kalyan Rozgaar Abhiyaan (GKRA), Atal Pension Yojana (APY), PM Jan Arogya Yojna (PMJAY) and PM Ujjwala Yojna (PMUY), the performance and narrative of economic development and poverty alleviation differs significantly from state to state.

Riches of the Eastern Region

Encompassing the states of Bihar, Uttar Pradesh and Jharkhand, the eastern region unfolds a tapestry of opportunities and challenges. As industrialisation gains momentum across these states, the potential for a reduction in unemployment and poverty becomes apparent. The economic landscape is characterised by thriving sectors such as jute, rice, sugarcane leather, steel and mining, which serve as the backbone for its development. Despite these promising prospects, it is noteworthy that, according to the Niti Aayog’s multidimensional poverty index (MPI), a significant portion of the population faces economic hardships. Bihar, the state with the highest MPI value in National Family Health Survey-4 (2015–16), experienced the most rapid absolute reduction in MPI value, with the percentage of multidimensional poor decreasing from 51.89% to 33.76% in 2019–21. Uttar Pradesh too saw significant reductions in MPI value, with the proportion of multidimensional poor in NFHS-5 (2019–21) being 22.93%. Uttar Pradesh had the highest number of people, 3.43 crore, exiting multidimensional poverty in the last five years, followed by Bihar (2.25 crore).

Denne historien er fra February 2024-utgaven av Outlook Business.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra February 2024-utgaven av Outlook Business.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA OUTLOOK BUSINESSSe alt
The New Imperialism
Outlook Business

The New Imperialism

The EU has approved a new environmental regulation that will impact global value chains. Small businesses will have to bear the brunt

time-read
5 mins  |
October 2024
VISION FOR THE INDIA OF 2047
Outlook Business

VISION FOR THE INDIA OF 2047

In India@100, Krishnamurthy Subramanian argues that India can be a 55trn economy by 2047 if it doubles down on the economic policies implemented in the last decade to grow at 8% annually. Although middle-income trap has plagued many developing countries in the past, he is convinced that India is well-equipped to avoid obstacles in its growth odyssey

time-read
3 mins  |
October 2024
BUSINESS MINT: CELEBRATING EXCELLENCE, ONE AWARD AT A TIME
Outlook Business

BUSINESS MINT: CELEBRATING EXCELLENCE, ONE AWARD AT A TIME

Ensuring that Firms and Entrepreneurs Receive the Recognition they Deserve since 2018

time-read
3 mins  |
October 2024
DR. PAVANI KADIYALA: DRIVING INNOVATION AND TECHNOLOGICAL ADVANCEMENT IN EMERGING INDUSTRIES
Outlook Business

DR. PAVANI KADIYALA: DRIVING INNOVATION AND TECHNOLOGICAL ADVANCEMENT IN EMERGING INDUSTRIES

Celebrating Dr. Pavani Kadiyala's Accolades and Contributions to Emerging Technologies

time-read
2 mins  |
October 2024
INSPIRING EXCELLENCE: THE JOURNEY OF NALANDA EDUCATIONAL INSTITUTIONS:
Outlook Business

INSPIRING EXCELLENCE: THE JOURNEY OF NALANDA EDUCATIONAL INSTITUTIONS:

Honoring the Vision of Sri Manthena Suryanarayana Raju Through Innovation and Holistic Development

time-read
2 mins  |
October 2024
THE RISE OF VARUN REALTORS
Outlook Business

THE RISE OF VARUN REALTORS

Leading the Charge: Varun Kaliga Named Emerging Real Estate Influencer of the Year for Innovative Impact

time-read
2 mins  |
October 2024
R.C. RATUL: BRIDGING THE WORLDS OF ENTERTAINMENT AND REAL ESTATE
Outlook Business

R.C. RATUL: BRIDGING THE WORLDS OF ENTERTAINMENT AND REAL ESTATE

The Visionary Behind the Convergence of Entertainment and Real Estate

time-read
2 mins  |
October 2024
CYBERABAD BUILDERS ASSOCIATION: LEADING THE CHARGE IN SHAPING
Outlook Business

CYBERABAD BUILDERS ASSOCIATION: LEADING THE CHARGE IN SHAPING

Recognized as the Emerging Builders Association of the Year 2024,’ CBA is setting new benchmarks in real estate and construction excellence in the heart of Hyderabad.

time-read
2 mins  |
October 2024
FROM PAPERBOY TO POWERHOUSE: THE INSPIRATIONAL JOURNEY OF VENU KALYAN
Outlook Business

FROM PAPERBOY TO POWERHOUSE: THE INSPIRATIONAL JOURNEY OF VENU KALYAN

Celebrated with the Most Admired Real Estate Sales Coach of the Year 2024’ Award for Transformative Impact and Innovative Coaching

time-read
2 mins  |
October 2024
OUTLINE MEDIA: SHAPING TOMORROW'S BRANDING AND ADVERTISING TODAY
Outlook Business

OUTLINE MEDIA: SHAPING TOMORROW'S BRANDING AND ADVERTISING TODAY

Redefining Branding and Advertising

time-read
2 mins  |
October 2024