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Economy

Bihar GK · अर्थव्यवस्था · 15 facts

1

Per capita income: ~Rs. 52,000 (2020-21); Lower than national average

2

Major sectors: Agriculture (35%), Services (40%), Industry (25% approx)

3

State GDP: ~Rs. 7.5 lakh crore (nominal, 2020-21)

4

Unemployment rate: 5.4% (2020), higher than national average of 3.5%

5

Urbanization: 11.3% urban, 88.7% rural (2011 Census)

6

GSDP growth: 4.5% annual (pre-COVID), impacted by pandemic

7

Poverty: ~32% below poverty line; focus on inclusive growth programs

8

Tourism potential: Nalanda, Bodh Gaya, Rajgir, Vaishali attract pilgrims & tourists

9

Remittances: Significant income from diaspora working in urban metros & abroad

10

FDI: Limited foreign investment; Focus on Make in Bihar initiatives

11

Bihar has the highest population density among large states at 1106/sq km (2011)

12

Service sector growing: IT parks at Patna, Muzaffarpur attracting tech companies

13

Bihar is among India's special category states receiving extra central funds

14

BSDM (Bihar Skill Development Mission) trains youth for employment opportunities

15

Bihar's economy heavily depends on agriculture which employs 70% of workforce