This website uses cookies to ensure you have the best experience. Learn more

Bihar's Economic Growth And What Nepal Should Learn??

2139 words - 9 pages

Bihar’s Economic Growth
Sandesh Sigdel, 10330
Economy of Bihar: An introduction
The economy of Bihar is largely service oriented, but it also has a significant agricultural base. The state has a small industrial sector. As of 2008, agriculture sector accounts for 35%, industry sector 9% and service sector 55% of the state’s economy. Manufacturing sector has performed very poorly in the state between 2002 and 2007, with an average growth rate of 0.38% compared to India's 7.8%. Between 1999 and 2008, GDP of Bihar grew by 5.1% a year, which was below the India’s average of 7.3%. More recently, Bihar's nominal GDP recorded a growth of 18% between 2006 and 2007, and stood at $21 billion.
...view middle of the document...

This fertile land where the Buddha found enlightenment under the Bodhi tree was latterly overgrown by a “Jungle Raj” of corruption, crime and caste vengeance. With over 90 million people, the state held a morbid fascination for the rest of India, which lapped up blood-curdling tales of violence and larceny. Furthermore, politics has also downed the economy of the Bihar. In each five year plan, the per capita allocation was kept at the lowest. Simple demands of the state, like a bridge over Ganga at Patna, were rejected. Bihar has large population and to win the election politicians make simple dreams to the people, which have become a tradition. But as soon as they win the election, rather carrying developments, the politicians seems to be busy in misusing the power for corruption.
Bihar’s economy has tremendous growth potential. For that increasing the productivity of the available land and creating non-agricultural sources of employment through the development of industries are needed. In recent years the economy is getting much and much better. Agriculture is making progress in every direction. Farming has been more scientific, the use

of chemical manure is popular, and the rotation of crops is better understood. Once a place the rest of the country avoided visiting, now it is a place they are celebrating. Nitish Kumar, who became chief minister in 2005, has uprooted the “Jungle Raj”, and restored law and order: there were only 66 kidnappings in 2008. Over the four fiscal years ending on March 31st 2009, the state’s output grew at an annualized pace of 10.5%, faster than the national average. Small and agricultural, Bihar’s economy is notoriously fickle. It grew spectacularly for a few years in the mid-1990s too but this spurt looks more sustainable and it has to be. Even at this rate of expansion, Bihar would need 18 years to match the income per person enjoyed by Maharashtra today. The economic pickup is visible in the state capital, Patna, where people no longer fear to drive nice cars on the new flyover, or further afield.
New government and the increase in the new budget was the main reason behind this tremendous growth. The annual plan of the state has climbed five folds since 2005. When investment flowed, the place has shown results. Because of which the Biharis are busy in building infrastructure for their own state than get insulted by ingrates who left no stone unturned to humiliate them. Today the government of Bihar has an official policy that it does not want any Bihari to leave the state merely to earn two square meals. The roads in Bihar are much better, the primary health centers have seen exponential growth in patients visiting them, and every girl gets a cycle as soon as she reaches high school. Para teachers have been appointed in hundreds of thousands to teach at the primary schools.
Here are some of the policies of the Government of Bihar that the Bihar leaders have been enunciating over the last four years:
...

Other Essays Like Bihar's Economic Growth and What Nepal Should Learn??

Tma05 - Connections Between Economic Growth, Wealth, Health and Happiness

1403 words - 6 pages THE CONNECTIONS BETWEEN ECONOMIC GROWTH, WEALTH, HEALTH AND HAPPINESS CONTENTS Page No. 1. Contents 1 2. Introduction 2 3. The Economics of an Economy 3 4. Synopsis of the UK Economy 4 & 5 5. The Links between Economic Growth and Wealth 6 6. Wealthy to be Healthy? 7 7. Happiness 8 8. Conclusion 9 9. References 10 . 2

“to What Extent Was Rapid Economic Growth the Cause of Social Tensions in Wilhelmine Germany?”

1952 words - 8 pages “To what extent was rapid economic growth the cause of social tensions in Wilhelmine Germany?” In Wilhelmine Germany, an industrial revolution was taking place. By 1910, Germany had almost caught up with Britain on the production of industries such as coal and steel, with the rate of growth overwhelmingly surpassing that of the Britons. Germany was also home to new industries, like that of chemicals, which quickly saw 90% of the world’s hair

To What Extent Do You Agree That a Free Market Economy Is the Only Approach to Bringing About Economic Growth

2716 words - 11 pages To what extent do you agree with the view that only a free market approach to running the economy can bring about sustainable high levels of economic growth and development? The basic economic problem is that we, as consumers, have unlimited wants and scarce resources. (Anderton, 2008, p.1) Due to this, the questions of what shall be produced, how it will be produced, and who gets the product, arise. (Sandford, 1977, p.42) Therefore

Evolution Of Land Animals. How Has Life Come To Be What It Is Now? Learn Darwin's View On Evolution. Learn About Various Animals And Proof Evolution Exists

1642 words - 7 pages . Most schools by federal law prohibit the teaching of creation because of the separation of church and state which is the law. Shouldn't us students have the right to learn all possibilities, and learn both evolution and creation? I believe that by teaching evolution in school, children can learn to make up their own minds on what to believe, instead of having be restricted to one kind of belief system.What I found to be most interesting is that

Write a Report on the Possibilites and Limitations of Measuring the Link Between Economic Growth and Happiness

1421 words - 6 pages Sarah Martin (C404754X) TMA05 Write a report on the possibilities and limitations of measuring the link between economic growth and happiness. Introduction 2 What is economic Growth 3 Economy Economic Growth Economic

Explain What Risk Manegement Means and How Risk Should Be Determined by Calculating Likelihood of Risk and Potential Impact

826 words - 4 pages the finantial industry, which may use different methods. In the first section of this essay I will seek to explain what risk management means and how risk should be determined by calculating likelihood of risk and potential impact.The second section of the essay will explain the three stages of risk management and identify three strategies for managing risk. Finally it will explain what contingency planning means and why it is important

What Disease or Diseases Is Most Prominent in Your Part of the World and What Do You Think Should Be Done to Eradicate It

692 words - 3 pages vegetables and low calorie foods. In fact, to cure these diseases, it is the duty of all human being to be responsible and aware of what they are doing or taking. One should have a disciplined and regular lifestyle, Have a balanced diet and include as much fresh fruits and vegetables, Drink lots of water as possible. Moreover, Exercise is an important part of any weight reduction plan. Above all, people should make every effort to avoid negative emotions such as anxiety, fear, hostility, and insecurity, and develop a positive outlook on life.

Budget Deficit and National Debt and Its Impact on Future Economic Growth

543 words - 3 pages , Zurich, Deutsche Bank,London, Tokyo Mitsubishi, London., HSBC London & HK, Goldman Sachs, London, and Kleinwort Benson London. PROCEDURE FOR SCREEN CLOSING: CLOSING STEPS ON SCREEN……. WINDOW 10 Closure where Called Funds are confirmed against the verifiable Corporate Invoice Below the Window-12 Steps Procedure which should be followed diligently  through DTC or EUROCLEAR SCREENS.  Some Bank terminals utilize systems that allow entering

1. How Are the Failures in Economic, Social, Political, and Ecological Systems the Result of Modernism Reaching Its Limits? How Are These Failures Being Propelled by Globalization? in What Sense Could...

556 words - 3 pages 1. How are the failures in economic, social, political, and ecological systems the result of modernism reaching its limits? How are these failures being propelled by globalization? In what sense could these failures be considered the birth pangs of a new stage of social organization that goes beyond modernism? Modernism has put pressure upon the various aspects of society to further improve them. Doing so has required monetary funds and the

What we learn about Mr Wickham in chapters 15 and 16 of Jane Austen's "Pride and Prejudice" By Lizzy Johnstone

458 words - 2 pages '. Neither Jane nor Elizabeth, the 'studier of character', could find any explanation for this exchange, so we are left wondering what this history could be.Wickham soon clears this up in chapter 16, however, and we are given his account of why the previous meeting was so awkward. He told Elizabeth that Darcy's father had 'bequeathed' Wickham a position as a clergyman when he died, but for an inexplicable reason it was 'given elsewhere'. Wickham says

Research Paper

2468 words - 10 pages to marry local aristocrat Devyani Rana. They had reportedly threatened to disinherit him if he did so and there have been speculation that this conflict between love and duty is what caused his rampage.” However, there is something not quite right in the agency reports regarding the mysterious deaths of the royal family of Nepal. First, there is the curious story that the crown prince, Dipendra, having massacred his entire family, then tried to

Related Papers

Economic Growth And Developement Essay

1794 words - 8 pages Economic Growth and Development Joshua Lacey Dr. Dixie Button March 24, 2011 The topic that I wish to cover in this paper is the legalization, taxation, and distribution of Marijuana and how it will help the Economic Growth and Development of our country. I feel this is a huge topic in today’s society and that it should be backed more so than it is. It comes down to the fact that we need money we spend more than we make and that alone is

Financial Development And Economic Growth Essay

2819 words - 12 pages questions. Theoretical and empirical methodologies give answers and evidences on this relationship, but each of them has some limitations which cast a shadow over evidences and results. The researchers still do not have final answer on question if there is a relationship between financial development and economic growth, and if that relationship exists, what is a nature of it? Levine (2004) highlights one very important issue: if

War On Terrorism And Economic Growth

600 words - 3 pages The political differences between the 2004 and 2008 elections were that in 2004, Bush had a firm backing when it came to 3 specific ideals. That was moral standards, maintaining the war on terrorism, and continue economic growth. All 3 of these things were what the people wanted and felt they were owed. Early in John Kerry’s campaign, he made a comment that would keep voters on the fence, that comment was, “Hello, I’m John Kerry and I’m ready

Encouraging Economic Growth In Hong Kong And Singapore

1423 words - 6 pages whether that nation is trying to move forward or not. Presently, with lower taxes there will be lower cost, which would imply that there is a higher interest to employ in the country. Individuals and organizations need to recognize that they have guaranteed ownership of something in a land to feel comfortable having their business or home there. Encouraging Economic Growth in Hong Kong and Singapore Individuals have regularly pondered what