The annual per capita income went up to Rs 17,590 in 2009-10 against Rs 8,528 in 2004-05. The average GDP growth for the period was recorded at 10.96 per cent against 3.5 per cent between 1990-2000 and 2004-05.
Bihar Deputy Chief Minister and Finance Minister Sushil Kumar Modi said it was a healthy sign for the economy with dependence on agriculture coming down and the secondary and tertiary sector showing 81 per cent growth.
Agriculture contributed to 19 per cent of the state’s growth against 26 per cent in 2004-05.
“Construction sector, transport and trade/hotel gave us 11, 6 and 30 per cent growth, suggesting how we have diversified in the last five years,” Modi said, adding the state’s economy had been growing at 3.5 per cent annually.
Modi said some of the indicators of a robust economy were the number of vehicles reaching 3.1 lakh in 2009-10 from 80,000 in 2005-06 and the number of telephones increasing almost 10 times from 42 lakh connections to 4.15 crore during the same period.
The report said the revenue surplus of government increased from Rs 82 crore in 2005-06 to Rs 6,557 crore in 2009-10.
The state’s loan stood at Rs 57,700 crore, which is 29 per cent of the state’s GDP. “The loan used to be 52 per cent of GDP five years ago. We are trying to bring it down to the ideal 25 per cent of GDP,” said the Deputy CM.