Bihar’s economy more than trebled after 2011-12: Economic survey report | Current Affairs | Vision IAS

Daily News Summary

Get concise and efficient summaries of key articles from prominent newspapers. Our daily news digest ensures quick reading and easy understanding, helping you stay informed about important events and developments without spending hours going through full articles. Perfect for focused and timely updates.

News Summary

Sun Mon Tue Wed Thu Fri Sat

Bihar’s economy more than trebled after 2011-12: Economic survey report

1 min read

Key Highlights from Bihar's Economic Survey 2024-25

Economic Growth

The economy of Bihar has witnessed significant growth, increasing from Rs 2.47 lakh crore in 2011-12 to Rs 8.54 lakh crore in 2023-24.

Investments

  • The State Investment Promotion Board (SIPB) received 3,752 proposals totaling Rs 75,293 crore.
  • Investment in 769 units amounted to Rs 8,464 crore.
  • By September 2024, the food processing sector attracted investments worth Rs 3,517 crore from 353 units.
  • The proposed investment for ethanol production is Rs 30,747 crore, accounting for 41% of total investment proposals.

Employment and Entrepreneurship

  • The Bihar Public Service Commission (BPSC) invited applications for 4,29,015 posts in 2023-24.
  • The government spent Rs 200.47 crore to support 40,099 entrepreneurs.
  • Seed money of Rs 15 crore was provided to 1,706 startups.

Tourism and Agriculture

  • Tourist inflow in 2023 reached 8.21 crore.
  • Between 2018-19 and 2022-23: 
    • Milk production increased by 27.3%.
    • Egg production rose by 85%.

Infrastructure Development

  • Construction of four expressways: 
    • Varanasi-Ranchi-Kolkata Expressway
    • Gorakhpur-Siligurhi Expressway
    • Patna-Purnia Expressway
    • Raxaul-Haldia Expressway

Social Indicators

Life expectancy improved from 65.8 years in 2006-10 to 69.5 years in 2016-20.

  • Tags :
  • Bihar's Economic Survey
Subscribe for Premium Features