In the face of sluggish domestic demand and global economic slowdown, Bihar has recorded a staggering growth rate of 11.95 percent rate annually at constant prices during 11th Five Year Plan, the highest among states.
Patna: In the face of sluggish domestic demand and global economic slowdown, Bihar has recorded a staggering growth rate of 11.95 percent rate annually at constant prices during 11th Five Year Plan, the highest among states.
Per capita income (NSDP at current price) of Bihar is Rs 25,653 as against Rs 60,972 for All India in 2011-12, Deputy Chief Minister Sushil Kumar Modi, who also holds Finance portfolio, told reporters after tabling the economic survey 2012-13 in the state Assembly on Tuesday.
"The ratio of per capita income in Bihar and India now stands at 42.1 percent compared to 32.4 percent in 2007-08," Modi said.
Modi said the economic survey narrates the impressive trajectory Bihar's economy and the impact of development strategies of the present government in the state on the population.
Modi said that the state witnessed impressive growth in all sectors.
Going into details, he said the production of cereals in 2011-12 was 17.2 million tonnes compared to 10.4 million tonnes in 2010-11. Production of rice increased to a new high of 8.2 million tonnes in 2011-12 against 3.1 million tonnes in 2010-11.
"The quantum jump in production is due to the use of of new 'Sri' technique of rice production," he said.
Rubbishing the opposition criticism of the state government for "cooking up" figures to paint a rosy picture, Modi said two-third figures in the survey have been provided by the central government agencies.
Otherwise, also the assessment of economic performance of the state has been done on the parameters set by Central Statistical Organisation (CSO), which are correct and used for all the official purposes, he said.