![Collaborative Efforts Key to Eastern India's Development Collaborative Efforts Key to Eastern India's Development](https://cdn.magzter.com/Outlook Business/1707204597/articles/RQZh1LbSq1707297260568/COLLABORATIVE-EFFORTS-KEY-TO-EASTERN-INDIAS-DEVELOPMENT.jpg)
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).
Bu hikaye Outlook Business dergisinin February 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 Outlook Business dergisinin February 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
![Scale Stimulus Scale Stimulus](https://reseuro.magzter.com/100x125/articles/259/1982381/cumK6JahU1738587346532/SCALE-STIMULUS.jpg)
Scale Stimulus
For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.
![The Best Valuation Need Not Be the Highest The Best Valuation Need Not Be the Highest](https://reseuro.magzter.com/100x125/articles/259/1982381/l2W53_r9j1738586346177/THE-BEST-VALUATION-NEED-NOT-BE-THE-HIGHEST.jpg)
The Best Valuation Need Not Be the Highest
Info Edge founder and veteran start-up investor Sanjeev Bikhchandani talks to Deepsekhar Choudhury about high valuations and corporate governance in start-ups. Edited excerpts
![GCCS Shaping Start-Ups GCCS Shaping Start-Ups](https://reseuro.magzter.com/100x125/articles/259/1982381/lyPu1HKma1738588659876/GCCS-SHAPING-STARTUPS.jpg)
GCCS Shaping Start-Ups
The remarkable journey of global capability centres (GCCs) in India continues to set new benchmarks, enriching the nation's economic narrative.
![Behind the Scenes Behind the Scenes](https://reseuro.magzter.com/100x125/articles/259/1982381/6pNwvxZg81738584472934/BEHIND-THE-SCENES.jpg)
Behind the Scenes
Evaluating start-ups is more than number crunching. While some factors are quantifiable, many are more nuanced. Here's a sneak peek inside the war room from where the rankings emerged
![Start-Ups have Generated 17.28 Lakh Direct Jobs Start-Ups have Generated 17.28 Lakh Direct Jobs](https://reseuro.magzter.com/100x125/articles/259/1982381/ZdnsFC5M01738588455889/STARTUPS-HAVE-GENERATED-1728-LAKH-DIRECT-JOBS.jpg)
Start-Ups have Generated 17.28 Lakh Direct Jobs
Amardeep Singh Bhatia, secretary, department for promotion of industry and internal trade (DPIIT) tells Pushpita Dey about the government's various schemes to give start-ups a leg up.
![On the Road Less Travelled On the Road Less Travelled](https://reseuro.magzter.com/100x125/articles/259/1982381/Ef-9lzD8g1738587525750/ON-THE-ROAD-LESS-TRAVELLED.jpg)
On the Road Less Travelled
Our entrepreneurial journey as the founders of the CarDekho group proves the fact that ambition and ingenuity can flourish in the most unexpected places.
![Being Local Matters Being Local Matters](https://reseuro.magzter.com/100x125/articles/259/1982381/Yfs6GI_EI1738585836792/BEING-LOCAL-MATTERS.jpg)
Being Local Matters
India's rapidly evolving consumer market, backed by a young, progressive population and a flourishing middle class, is a landscape of opportunity and complex challenges.
![CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024 CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024](https://reseuro.magzter.com/100x125/articles/259/1982381/dVGfbDZ3H1738589242780/CELEBRATING-EXCELLENCE-OUTLOOK-BUSINESS-SPOTLIGHT-ACHIEVERS-AWARDS-2024.jpg)
CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024
Recognizing Visionaries Who Inspire Growth, Innovation, and Progress
![At the End of the Day, You Bet on Founders At the End of the Day, You Bet on Founders](https://reseuro.magzter.com/100x125/articles/259/1982381/hAvG_hoRT1738586077554/AT-THE-END-OF-THE-DAY-YOU-BET-ON-FOUNDERS.jpg)
At the End of the Day, You Bet on Founders
Zerodha founder and chief executive Nithin Kamath tells Deepsekhar Choudhury that the philosophy of a company is what sets it apart and makes it special. Edited excerpts
![Time to Go Global Time to Go Global](https://reseuro.magzter.com/100x125/articles/259/1982381/m1my78owg1738586970063/TIME-TO-GO-GLOBAL.jpg)
Time to Go Global
India's defence and space start-up ecosystems have witnessed exponential growth in recent years, with over 1,000 defence and 250 space start-ups driving deep-tech innovation. Government initiatives such as Innovations for Defence Excellence (iDEX), positive indigenisation lists and allocation of 75% of the defence capital budget for domestic procurement, along with support from Indian National Space Promotion and Authorisation Centre (InSpace), have created vast opportunities.