Patna: Bihar has emerged as a leader among India’s states in Gross State Value Added (GSVA) for the year 2024-25, achieving an impressive 9.68% growth rate. The data highlights the rapid expansion of the state’s transport, storage, communication, broadcasting, hotel, and restaurant sectors. Uttar Pradesh ranked second with 7.40%, followed by West Bengal at 7.31%.
The results were shared during a key meeting on the ‘Double Employment, Double Income’ strategy under the state’s Saat Nishchay-3 initiative, aimed at boosting economic growth and improving per capita income over the next five years.
Transport and Communication Drive Economic Performance
Rashmi, Deputy Director of the Directorate of Economics and Statistics, noted that Bihar’s strong performance in GSVA is largely attributed to improvements in transport infrastructure and communication networks. These developments have played a crucial role in facilitating production, distribution, and overall economic activity.
During the meeting at the Asian Development Research Institute (ADRI), Rashmi presented comparative insights on Bihar’s economy relative to neighboring states, highlighting per capita income trends from 2001-02 to 2024-25.
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Business, Hotel, and Restaurant Sectors Contribute Significantly
The Deputy Director further explained that the tertiary sector, particularly trade, repair, hotels, and restaurants, contributed significantly to Bihar’s GSVA. Bihar achieved 14.55% in this sector, ranking second among the top seven states, with West Bengal leading at 17.12%. These figures underscore Bihar’s growing prominence as a hub for commerce and tourism.
Experts at the meeting, including Prof. TCA Anant and Prof. Sanket Mahapatra, highlighted the state’s exceptional growth in horticulture, forestry, and agriculture. They recommended integrating these sectors’ productivity, income, and market performance into future economic planning.
Boosting Employment and Per Capita Income
The meeting also addressed factors such as approvals required to set up businesses, expected timelines, and the declining unemployment rate in recent years. Officials emphasized leveraging Bihar’s sectoral growth to enhance employment opportunities and increase per capita income, aligning with the goals of the Saat Nishchay-3 initiative.
Finance Department Special Secretary Mukesh Kumar Lal and other senior officials attended the session, contributing to the discussions on strategic economic planning.
About Bihar’s Economic Growth
Bihar’s top ranking in GSVA demonstrates the state’s rapid economic development, driven by infrastructure, service, and business sectors. With targeted policies under Saat Nishchay-3, the state is focusing on inclusive growth, doubling employment, and improving per capita income, while fostering a sustainable and diversified economy.
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