A thorough examination of the state’s prevailing economic condition highlights the urgency of an integrated approach to Bihar’s development, with a balanced focus on both social and economic dimensions.
Bihar contributed 2.75 per cent to India’s GDP in fiscal 2022-23. Home to about nine per cent of the Indian people, Bihar has the lowest GDP per capita among all the states and UTs in the country at Rs 35,119. The extent of the distress can be gauged from the fact that if Bihar were an independent country, it would have stood as the 12th most populous nation in the world, somewhat identical to the size of economies like Japan and Mexico. But its per capita income would have been amongst the bottom five countries in the world, much below the least developed countries, such as Somalia, Sudan, and Sierra Leone. The district-level analysis shows that the per capita income of the state capital, Patna is high, at Rs131,064, as against districts such as Sheohar, with a per capita income of a mere Rs19,592. Such contrasts go a long way toward skewing the overall state average and underlining economic distress and inequality within Bihar. It is indicative not only of the overall economic lag compared to the national average but also of the uneven development within the state itself.
Bu hikaye BW Businessworld dergisinin 24 August 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye BW Businessworld dergisinin 24 August 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.