Chapter 1: Overview of Bihar’s Economy
- Economic Growth: Bihar’s Gross State Domestic Product (GSDP) grew by 15.5% at current prices and 10.6% at constant prices in 2022-23, indicating strong economic expansion.
- Per Capita Income: The nominal per capita income rose by 13.9% to ₹59,637, while the real per capita income increased by 9% to ₹35,119, reflecting an upward trend in individual earnings.
- Sectoral Contribution to GVA:
- Tertiary sector (Services): 60% – continues to be the dominant contributor.
- Primary sector (Agriculture & Allied): 20% – remains a crucial part of the economy.
- Secondary sector (Industry & Manufacturing): 20% – indicating industrial progress.
- Inflation Rate: The Consumer Price Index (CPI) inflation stood at 5.5%, showing moderate price rise in the economy.
- Regional Economic Disparities:
- Highest per capita GSDP: Patna – ₹1,14,541.
- Lowest per capita GSDP: Sheohar – ₹18,980, indicating income inequalities across districts.
- Investment Trends:
- Gross Fixed Capital Formation (GFCF): 4.7% of GSDP, reflecting the state’s investment in infrastructure and long-term assets.
Prosperous and Impoverished Districts of Bihar (2022–23 and 2023–24)
| Criteria / Year | Most Prosperous Districts | Most Impoverished Districts |
|---|---|---|
| Per Capita GSDP (in ₹), 2022-23 | Patna (₹1,21,396), Begusarai (₹49,064), Munger (₹46,795) | Sheohar (₹19,561), Sitamarhi (₹21,931), Araria (₹22,204) |
| Petrol Consumption per 1000 persons (MT), 2023-24 | Patna (17.7), Muzaffarpur (11.8), Purnea (10.9) | Lakhisarai (4.9), Banka (5.1), Jehanabad (5.6) |
| Diesel Consumption per 1000 persons (MT), 2023-24 | Patna (35.9), Sheikhpura (34.9), Aurangabad (27.7) | Sheohar (8.9), Siwan (11.2), Gopalganj (11.7) |
| LPG Consumption per 1000 persons (MT), 2023-24 | Patna (24.9), Begusarai (16.5), Muzaffarpur/Gopalganj (15.7) | Araria (7.5), Banka (8.0), Kishanganj (8.2) |