Limited infrastructure, procedural delays, lack of marketing
High taxation, excessive regulation, surplus labor
Geopolitical conflicts, unstable neighboring countries
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is: All of the above.
Bihar is a state in India that is facing a number of challenges in terms of trade and commerce. These challenges include:
- Limited infrastructure: Bihar has a poor infrastructure, which makes it difficult to transport goods and services. This is due to a lack of roads, railways, and airports.
- Procedural delays: The government of Bihar is known for its slow and inefficient bureaucracy. This can make it difficult for businesses to get the necessary permits and licenses to operate.
- Lack of marketing: Bihar is not well-known as a business destination. This is due to a lack of marketing and promotion of the state’s economy.
- High taxation: The state government of Bihar imposes high taxes on businesses. This makes it difficult for businesses to make a profit.
- Excessive regulation: The government of Bihar regulates businesses excessively. This can make it difficult for businesses to operate efficiently.
- Surplus labor: Bihar has a large population of unemployed people. This can make it difficult for businesses to find skilled workers.
- Geopolitical conflicts: Bihar is located in a region that is prone to geopolitical conflicts. This can make it difficult for businesses to operate in the state.
- Unstable neighboring countries: Bihar is surrounded by countries that are politically unstable. This can make it difficult for businesses to trade with these countries.
These challenges are making it difficult for Bihar to attract investment and develop its economy. The state government needs to address these challenges in order to improve the business environment in Bihar.