Indian Economy and Its Financial Market in Context of Bihar

Abstract

Bihar is one of the fastest growing states in India. Bihar's national total domestic production (GSDP) has grown at a CAGR of 11.99% between 2011-12 and 2017-18. Bihar has witnessed the strong growth of the state's per capita national product (NSDP). At current prices, the NSDP per week grew at a CAGR of 10.16% between 2011-12 and 2017-18. Bihar is the fourth largest vegetable producer in India and the eighth largest fruit producer. Bihar is one of the most powerful sectors of the country because of its high agricultural production. About 80% of the population is engaged in agriculture, which is much higher than the average in India. The province is based on a lucrative industrial workforce, making it ideal for a variety of industries. India enjoys a unique advantage of its unique location due to its close proximity to the vast eastern and northern markets of India, its ports such as Kolkata and Haldia, and the proximity of its raw materials and mineral deposits to neighboringstates.