Bihar Economy: Bihar grew at 10.98% in FY22: Economic Survey
“Bihar economy posted a strong recovery in 2021-22 as the Gross State Domestic Product (GSDP) at constant prices recorded a robust growth of 10.98 per cent, whereas, the national growth rate was 8.68 per cent during the same period,” the minister said.
“The economy of Bihar is one of the fastest-growing in India. Bihar’s 10.98-per cent growth is third among the top five fastest-growing states in the country after Andhra Pradesh (11.4 per cent) and Rajasthan (11.04 per cent),” Choudhary later said at a press conference.
He said that within the primary sector, the two most important contributors to growth of GSDP have been livestock and fishing & aquaculture, registering growth rates of 9.5 per cent and 6.7 per cent, respectively.
According to the economic survey, Bihar’s total expenditure was Rs 1.93 lakh crore in 2021-22. Out of this, Rs 1.59 lakh crore (82.4 per cent) was the revenue expenditure.
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