Overview
Bihar, one of India’s fastest-growing states, recorded a GSDP of ₹8.03 lakh crore in 2023–24, with a growth rate of 12.4%. The state’s per capita income stands at ₹69,147, showing steady economic improvement. Bihar's economy is largely driven by agriculture, with strong contributions from manufacturing, services, and infrastructure development. Patna, the capital, is the main commercial hub, with key sectors like agriculture, education, and healthcare showing robust growth.
Why Invest in Bihar
- Agricultural Potential: Known for major crops like rice, wheat, and sugarcane.
- Manufacturing & Services Growth: Significant developments in food processing, textiles, and education services.
- Connectivity: Improved infrastructure and connectivity are transforming the state’s business environment.
- Government Focus: Strong emphasis on industrialization, infrastructure, and ease of doing business.
Incentives & Schemes
- Industrial Investment Policy: Tax benefits and subsidies for sectors like manufacturing, food processing, and textiles.
- Agricultural Investment: Focus on agro-processing and food-based industries to add value to agricultural output.
- Infrastructure Development: Government efforts to enhance roads, transport, and logistics infrastructure.
Key Economic Data: Bihar
| Category |
Details |
| Capital |
Patna |
| GSDP (2023–24) |
₹8.03 lakh crore |
| Growth Rate |
12.4% |
| Per Capita Income |
₹69,147 |
| Top Sectors |
Agriculture, Manufacturing, Services |
| FDI Share in India |
1% |
| Top FDI Sources |
Singapore, UAE |
| Cumulative FDI (FY2024) |
₹1,200 crore (Q1) |
| Policy Impact |
Focus on infrastructure, manufacturing, and agriculture |
| Recent FDI |
₹450 crore (2020–21) |
Latest Insights
- Bihar attracted ₹1,200 crore in cumulative FDI by Q1 FY2024.
- The state continues to show strong agricultural growth, with a growing focus on agro-processing.
- Government policies are driving the expansion of manufacturing, infrastructure, and services.
