Important Parameters

Details

GSDP

• GSDP at current prices for 2023-24 = Rs. 8,54,429 crore. 
• GSDP increased by 3.5 times since 2011-12 (base year 2.47 lakh crore) 
• GSDP at constant prices for 2023-24 = Rs. 4.64 lakh crore.
• Bihar’s Gross State Domestic Product (GSDP) recorded a growth of 9.2% at 2011-12 constant prices in the financial year 2023-24.

Annual GSDP growth

• Current – 14.50%
• Constant – 9.2%
• In the field of economy, Bihar ranks second among the fastest growing states in the country.

Per Capita Income (₹)

• Rs. 66828 at current prices.
• It is estimated at Rs. 36,333 at constant prices (2011-12).
• Per capita income is estimated to rise by 12.8% compared to last year.

Expenditure

Total Expenditure is Rs. 2,52,082 crore (in 2023-24).

• It is estimated Rs.2.79 lakh crore in the FY 2024-25.
• Out of the total expenditure, 40% is allocated for schemes, while 60% is spent on committed liabilities.
• Revenue Expenditure is Rs.1.91 lakh crore.
• Capital Expenditure is Rs. 0.62 lakh crore.
• In the FY 2023-24 development expenditure is Rs. 1.69 lakh crore.

Receipts

• Revenue Receipts = Rs. 1.93 lakh crore.
• Capital Receipt = Rs. 0.60 lakh crore
• Credit-Deposit Ratio – 56.3% (in 2024-25)

Fiscal Deficit

Rs 35,660 crore in 2023-24.

• It was Rs 44,823 crore in the financial year 2022-23.
• The estimated fiscal deficit of Bihar for the financial year 2024-25 is Rs. 29,095 crore.
• Primary Deficit is 2.1% of GSDP.
• Revenue Deficit is -0.3% of GSDP.
• Gross Fiscal Deficit is 4.2% of GSDP.

Revenue Surplus

Revenue surplus is Rs. 2833 crore.

• Bihar’s estimated revenue saving in the financial year 2024-25 is Rs 1,121 crore.

Gross Fixed Capital Formation

Rs. 0.39 lakh crore (4.6%)

Share of the different sectors in the GSVA and Employment

At constant Prices:

• Primary Sector – 19.9%
• Secondary Sector – 21.5%
• Tertiary Sector – 58.6%

Workforce participation:

• Primary Sector – 54.2%
• Secondary Sector – 11.3%
• Tertiary Sector – 22.2%

Growth Rate of Primary sector in Bihar of different areas 

1. Agriculture, Forestry and Fishing- 5.4%
2. Crops – 4.7%
3. Livestock – 7.6%
4. Forestry and Logging- 3.9%
5. Fishing and Aquaculture – 3.2%

GSVA Share of the sub sectors –

1. Agriculture, Forestry and Fishing- 19.5%
2. Crops – 9.9%
3. Livestock – 6.3%
4. Forestry and Logging- 1.5%
5. Fishing and Aquaculture – 1.8%

• Investment of Rs 75293.76 crore proposed in the industrial sector of Bihar.

Urbanisation rate

11.3% (Census 2011)

• It is significantly below the National Average of 31.2%.

Important Land Covers of Bihar

• 54.6% of BIhar’s land was under crops in 2022-23.
• Gross sown Area – 72.68 lakh Hectare.
• Net Sown area – 51.33 lakh hectare
• State’s cropping intensity: 1.42.
• Cropping intensity highest in Supaul (1.82), then Jehanabad (1.75).
• More than 80% of the land in Buxar and Bhojpur was under cultivation.
• Urea accounts for two-thirds of the total fertilizer usage in Bihar, with the highest NPK fertilizer use recorded in Purnea.
• Groundwater is the main source of irrigation in Bihar, with wells contributing to 64.1% of the gross irrigated area.
• In the state, forest cover increased by 687 square km in 12 years.