Bihar has shown an average gross domestic product (GDP) growth of 11% in the last five years. This state along with much of the Hindi heartland has been dumped as eternal laggards by analysts. As of march 2009, it had shown an average growth of 11% for the five years starting 2004. Its GDP has nearly doubled in real terms from Rs 58,000 crore in 2004 to nearly Rs one lakh crore in 2009.
How real is this growth? What triggered it and is it sustainable? What can it mean for the larger Indian economy? In an interview with CNBC-TV18, Shaibal Gupta, Director at the Asian development research institute--A veteran Bihar expert and Laveesh Bhandrai, Chief Executive Officer of Indicus Analytics, discus this.
Saturday, January 9, 2010
Subscribe to:
Post Comments (Atom)
