Which one of the following is correct for Bihar economy?
- AThe occupational structure of the economy is stagnant from above
- BThe growth rate is one of the lowest in India at 2.5%
- CBihar produces mostly primary goods
- DMore than one of the above
- ENone of the above
Show answer and explanation
Correct answer: (d) More than one of the above
Explanation
The occupational structure of Bihar’s economy is stagnant in nature at the upper level. Bihar’s economy is mainly based on agriculture (the primary sector). According to the Bihar Economic Survey (2021–22), due to the impact of the lockdown, the growth rate of Bihar’s GSDP at current prices in 2020–21 was 2.5 percent (2.4 percent as per the Bihar Economic Survey, 2024–25), which was the lowest among all the states in India. According to the Bihar Economic Survey (2024–25), in 2023–24, Bihar’s Gross State Domestic Product growth rate compared to the previous year was estimated at 14.5 percent at current prices and 9.2 percent at constant prices (2011–12).