Bihar Economic Survey 2022-23 Released: State's Economy Shows Robust Growth

Key Highlights

Growth Projections and Performance

The Gross State Domestic Product (GSDP) of Bihar for 2022-23 at current prices is projected to be Rs 750 lakh crore, reflecting a growth rate of 12.64% over the previous year.

Strong Recovery Post-COVID

Bihar's economy has exhibited a remarkable recovery from the COVID-19 pandemic. The GSDP grew by 25.8% in 2021-22, ranking the state as the third fastest-growing in India.

Projections for 2023-24

The GSDP for 2023-24 is projected to be Rs 859 lakh crore, representing a growth rate of 14.56%. This indicates a strong trajectory for Bihar's economy.

Conclusion

The Bihar Economic Survey 2022-23 paints an optimistic picture of the state's economy. The strong growth projections and post-pandemic recovery demonstrate Bihar's resilience and potential for future growth. The survey highlights the government's efforts to stimulate economic activity and improve the overall economic outlook of the state.