{"id":13135,"date":"2024-06-14T15:35:20","date_gmt":"2024-06-14T15:35:20","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=13135"},"modified":"2024-06-14T15:35:20","modified_gmt":"2024-06-14T15:35:20","slug":"bihar-records-10-9-growth-rate-third-highest-in-country","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/bihar-records-10-9-growth-rate-third-highest-in-country\/","title":{"rendered":"Bihar records 10.9% growth rate, third highest in country"},"content":{"rendered":"

Bihar recorded the third highest Growth<\/a> rate of 10.98% at constant price (2011-12) in its gross state domestic product (GSDP) during the 2021-22 FY among all the states in the country. It has marked the return of the state’s economy<\/a> to the ‘pre-Covid-19 years’, implying that the disruptions caused to the economy by the coronavirus pandemic in 2019-20 and 2020-21 have been nearly overcome.
This has been brought out by the 2022-23 Economic Survey Report (ESR) on the state’s economy tabled by state finance ministerVijay Kumar Choudharyin the assembly.<\/p>\n

While the state’s GSDP at constant price was Rs 4.28 lakh crore and Rs6.75 lakh at current price in 2021-22, the resulting per capita income was Rs34,465 at constant price and Rs 54,383 at current price.<\/p>\n

The ESR 2022-23 has also noted that the high growth rate that Bihar recorded — scoring even better than the national Average<\/a> of 8.68% during the same fiscal year – was made possible by the fact that the state did not suffer natural disaster (floods and drought) in 2021-22.<\/p>\n

The significance of the states performance on the recovery process from the coronavirus pandemic years could be gauged from the fact that the growth rate was 4.4% during 2019-20 and negative (-) 3.2 per cent during 2020-21 with minus growth rates recorded in 14 sectors.<\/p>\n

While nine sectors recorded growth rate in two digits, one in three digits and five others on the higher side of the single digit, the growth rate in the (Agriculture<\/a>-notes-for-state-psc-exams”>Agriculture<\/a> and allied activities) was 9.6%, in the secondary (manufacturing) sector 3.8% and in the tertiary (Services<\/a>) sector 13.3%, the report said. The share of the primary sector in the state’s economy was 21.2%, followed by 18.1% of the secondary and 60.7% of the tertiary sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bihar recorded the third highest Growth rate of 10.98% at constant price (2011-12) in its gross state domestic product (GSDP) during the 2021-22 FY among all the states in the country. It has marked the return of the state’s economy to the ‘pre-Covid-19 years’, implying that the disruptions caused to the economy by the coronavirus … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[1001],"class_list":["post-13135","post","type-post","status-publish","format-standard","hentry","category-bihar","tag-26-27-02-23"],"yoast_head":"\nBihar records 10.9% growth rate, third highest in country - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/bihar-records-10-9-growth-rate-third-highest-in-country\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bihar records 10.9% growth rate, third highest in country\" \/>\n<meta property=\"og:description\" content=\"Bihar recorded the third highest Growth rate of 10.98% at constant price (2011-12) in its gross state domestic product (GSDP) during the 2021-22 FY among all the states in the country. 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