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Also, the criminalisation of politics during this time created a business unfriendly climate and contributed to the economic collapse. The flight of business and capital increased unemployment and this led to the mass migration of Bihari farmers and unemployed youth to more developed states of India.
Extent of corruption in Indian states, as measured in a study by Transparency International India. This, coupled with the fact that the government failed to get its plan allocation released because it could not contribute the matching non-plan grant, aggravated the financial crisis. During the s when the growth rate in Bihar was 3.
This change was reflected in the per capita income as well. Per capita income in Bihar grew by 2. In the s, per capita income grew by 0. The growth rate in agriculture was 2.
Current[ edit ] Nitish Kumar reign[ edit ] After Nitish Kumar came to power, the Finance Ministry under Sushil Kumar Modi gave priority to create investment opportunities for big industrial houses like Reliance.
Improvements in law and order, with a more proactive bureaucracy led to a gradual improvement in the economy of the state.
Provisions for incentive even in zero VAT cases. Exemption from electricity duty for new units. Exemption from Stamp Duty and registration fee on land transfer. Improvements and investments[ edit ] Roads construction and investment[ edit ] The government is working on the expressway from the Purvanchal border through Bihar to Jharkhand, and has also expanded the highway from Hajipur to Muzaffarpur from a two-lane to a four-lane highway.
The state now spends — Rs 2, The governments aim is to convert these roads into double-lane traffic corridors as per international standards and bids have been invited for the conversion of these roads in accordance with international bidding procedures.
BSHP will be executed in two phases. The nine roads have been included in its first phase. Bihar registered the maximum increase in annual telecom subscribers, marking a growth of The total number of mobile phones in Bihar increased from 57,73, in to ,69, in The proposals are related to sugar mills, ethanol, engineering and medical colleges and power production in the state.
A sum of Rs The proposals include opening of 23 new sugar mills and the expansion of seven existing ones, apart from the production of ethanol in two sugar mills and five sugarcane juice production plants. The projects regarding five power plants, 12 food-processing units and 15 steel-processing and cement plants have also been cleared by the state.
Patna witnessed a growth of The growth rate has resulted in visits by Indian business leaders to Patna, making commitments to invest in the state's fast-growing economy.
Due to the global credit crunch, many Indian states have reported a decline of percent  in the automobile sales.
Deputy Bihar Chief Minister Sushil Kumar Modi said "The rise in sales figure of vehicles in the state at the rate of 45 percent shows that the recession has not affected the sector at all in the state". November reported 19, vehicle sales in different categories, whereas 15, vehicles were sold in the same period of the prior year.
The revenue collection department in Bihar has registered a growth of The department collected Rs Altogether 3, flats were registered, which indicates there is good cash flow. The real estate sector has been badly hit by the global recession in other parts of India, which have compelled the builders to slash rates and offer attractive packages to push through their sales.
The service sector, which is the other large employer, is not as mature as other Indian states and caters for a large market. Modi added that the rate of real estate properties had increased tremendously since it was the middle-class population who dominated the state.
Another factor was that a huge number of development projects had been launched in Bihar since the NDA government came to power inwhich had drawn many construction companies, builders and suppliers.
In alone, the state government was investing Rs 13, crore billion Rupees on development projects. Three lakh hectares of cropland were submerged under flood water. The electric locomotives will be manufactured at a factory in Madhepura and the diesel ones at Marora.
These factories now have developed capacity issues.
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A wide range of drinks can be made using extracted fruit juice or fruit pulp as the base material. Many are drunk as a pure juice without the addition of any other ingredients, but Method of production For all the fruit based beverages, the first stage is the extraction of juice or pulp from the orange, grapefruit, mango and passion.
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