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With CM Nitish Kumar’s Leadership Bihar’s Economy is Projected to Reach $219 Billion by 2030 – Details Inside

A CII report projects Bihar’s economy to reach 219 billion dollars by 2030, with infrastructure, policy reforms and youth driving growth
Indian Masterminds Stories

Bihar’s strong infrastructure growth and governance reforms over the past two decades under the leadership of Chief Minister Mr. Nitish Kumar have positioned the state for a major economic leap. According to a new report by the Confederation of Indian Industry (CII), Bihar’s economy is expected to more than double and reach $219 billion by 2030-31, with a longer-term projection of $1.1 trillion by 2046-47.

Also Read: BIADA Announces Amnesty Policy 2025 to Revive Closed Industries and Boost Industrial Growth in Bihar

The report, titled “Bihar: A US$1-trillion Economy”, was released at the 4th CII East India Summit in Mumbai on Tuesday.

Bihar Emerging as an Investment Hub

State Industries Minister Mr. Nitish Mishra welcomed the CII’s vision, calling it a “guiding document” for Bihar’s industrial and economic growth. He emphasized that Bihar is no longer to be viewed as a struggling state, but as a fast-emerging investment destination backed by robust infrastructure, transparent governance, and proactive policies.

Mr. Mishra highlighted that the state has already signed MoUs worth Rs. 1.81 lakh crore, reflecting growing investor confidence. He added that the CM’s recent Independence Day announcement on industrial incentives and policies would further accelerate investment inflows into Bihar.

Youth as Bihar’s Growth Engine

Underscoring the role of Bihar’s young population, Mr. Mishra said, “The biggest strength of Bihar is its youth. The new generation will take Bihar to new heights with its talent, energy, and innovation.” He stressed that industrial investment, skill development, entrepreneurship, and infrastructure strengthening will be key drivers in realizing the vision set out in the CII report.

Bihar’s Role in India’s Growth Story

Mr. Mishra also linked Bihar’s progress to India’s national economic journey. “India is today the world’s fourth-largest economy, moving towards the $5 trillion mark. In this sequence, Bihar is also moving forward and will play a significant role in the country’s development,” he said.

With renewed focus on policy reforms, industrial growth, and youth empowerment, Bihar aims to position itself as a top destination for both domestic and global investors in the coming years.

Also Read: Bihar CM Nitish Kumar Transfers Rs. 456 Crore to Flood-Affected Families – Details Inside


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