1. Growth Prospects and Sectoral Performance

• GSDP (2023–24) shows 14.5% growth at current prices and 9.2% at constant prices.
• Service Sector continues to lead the economy with a 58.6% share in GSVA.
• Agriculture Sector contributes 19.9% and remains the primary source of employment.
• Industry Sector contributes 21.5%, showing momentum especially in food processing, ethanol, and mineral-based industries.

2. Investment Trends

• Strong investment growth in micro and large enterprises:
  • Micro enterprises: 135% increase
  • Large enterprises: 131% increase
• Employment generation linked to these investments has shown significant uptrend (107% and 187% respectively).

3. Fiscal Outlook and Priorities

• Fiscal Deficit reduced from ₹44,823 crore in 2022–23 to ₹35,660 crore in 2023–24; projected at ₹29,095 crore for 2024–25.
• Revenue surplus projected at ₹1,121 crore for 2024–25.
• Focus on Capital Outlay and developmental expenditure:
  • Total Expenditure: ₹2.79 lakh crore (BE 2024–25)
  • Development Expenditure: ₹1.77 lakh crore

4. Policy Directions for Medium-Term Development

• Agriculture: Implementation of Fourth Agriculture Road Map (2023–28) to increase yield, crop diversification, and agri-processing.
• Industry & Enterprises: Leveraging Startup Bihar, Ethanol Policy, and cluster-based development to drive industrial growth.
• Infrastructure: Continue expansion in connectivity, digital services, and power supply.
• Human Capital: Prioritise health, education, and skills via JEEViKA, SHGs, Skill Mission, and nutrition schemes.
• Environmental Focus: Integrating climate-resilient infrastructure, renewables, and eco-tourism into development strategies.

5. Key Challenges Acknowledged

• Low Credit-Deposit Ratio, especially in rural areas.
• Persistent regional disparity across districts in income and consumption.
• Need for greater private sector participation in infrastructure and industry.

Conclusion

Bihar’s economic outlook reflects a strong recovery path anchored on fiscal prudence, targeted sectoral investments, and policy reforms. The survey envisions an inclusive growth model with focus on agriculture transformation, youth-driven entrepreneurship, robust infrastructure, and sustainable development.