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Bihar Economy |
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The economy of Bihar is largely service orientated, but it also has a
significant agricultural base. The state also has a small industrial sector. As
of today, agriculture accounts for 35%, industry 9% and service 55% of the
economy of the state. The state has a per capita income of $148 a year against
India's average of $997 and 30.6% of the state's population lives below the
poverty line against India's average of 22.15%. However, Bihar's GSDP grew by
18% over the period 2006-2007, which was higher than in the past 10 years. |
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Agriculture |
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Bihar accounts for 65 per cent of India's annual litchi
production, Bihar has significant levels of production for the products of
mango, guava, litchi, pineapple, brinjal, cauliflower, bhindi, and cabbage in
India. Despite the state's leading role in food production, investment in
irrigation and other agriculture facilities has been inadequate in the past. |
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The sugar and vegetable oil industries were flourishing sectors of Bihar. Until
the mid fifties, 25% of India's sugar output was from Bihar. Dalmianagar was a
large agro - industrial town. For More
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Industry |
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Bihar has a number of major public sector projects like the Oil
refinery of Indian Oil Corporation and Fertilizer manufacturing plant of
Hindustan Fertilizer Corporation Ltd (HPCL) at Barauni, Pyrites, Phosphates and
Chemicals Ltd (PPCL) at Amjhor; Cotton spinning mills at Siwan, Pandaul,
Bhagalpur, Mokamah and Gaya; 13 sugar mills in private sector and 15 in public
section located in South and North Bihar. In addition distilleries at Gopalganj,
West Champaran, Bhagalpur and Riga (Sitamarhi District); finish leather industry
in West Champaran, Muzaffarpur and Barauni; Jute mills at Katihar and
Samastipur; Medicine manufacturing unit at Hajipur; Food processing units and
Vanaspati manufacturing units at Aurangabad and Patna; Kalyanpur Cement Ltd at
Banjari are some of the notable industries in Bihar. Bihar has tremendous
resources and their utilisation in the interest of its growing population has to
be the supreme responsibility of both the state administration and the national
planners. . There have been attempts to industrialize the state between 1950 and
1980: an oil refinery in Barauni, a motor scooter plant at Fatuha, and a power
plant at Muzaffarpur. Hajipur, near Patna, remains a major industrial town in
the state, linked to the capital city through the Ganga bridge and good road
infrastructure. For More Click Here |
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village market |
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The Finance Ministry has given top priority to create
investment opportunities for big industrial houses like Reliance. The capital
city, Patna, is one of the better off cities in India when measured by per
capita income. |
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