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    The GSDP and per capita income of Bihar have grown significantly over the past 15 years. The nominal GSDP has increased from Rs. 82490 crores in 2005-2006 to an estimated Rs. 557490 crores in 2018-2019. The real GSDP growth rate peaked at over 15% in some years between 2006-2012. The NSDP per capita income at current prices has risen from Rs. 8223 in 2005-2006 to an estimated Rs. 40982 in 2018-2019, showing strong economic growth in Bihar. The tertiary sector has become the largest contributor to the state's GSDP, growing from 57.3% in 2013-14 to 60.2

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    The GSDP and per capita income of Bihar have grown significantly over the past 15 years. The nominal GSDP has increased from Rs. 82490 crores in 2005-2006 to an estimated Rs. 557490 crores in 2018-2019. The real GSDP growth rate peaked at over 15% in some years between 2006-2012. The NSDP per capita income at current prices has risen from Rs. 8223 in 2005-2006 to an estimated Rs. 40982 in 2018-2019, showing strong economic growth in Bihar. The tertiary sector has become the largest contributor to the state's GSDP, growing from 57.3% in 2013-14 to 60.2

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    9 views9 pages

    Growth of GSDP & Per Capita Income of

    Uploaded by

    jyoti sah
    The GSDP and per capita income of Bihar have grown significantly over the past 15 years. The nominal GSDP has increased from Rs. 82490 crores in 2005-2006 to an estimated Rs. 557490 crores in 2018-2019. The real GSDP growth rate peaked at over 15% in some years between 2006-2012. The NSDP per capita income at current prices has risen from Rs. 8223 in 2005-2006 to an estimated Rs. 40982 in 2018-2019, showing strong economic growth in Bihar. The tertiary sector has become the largest contributor to the state's GSDP, growing from 57.3% in 2013-14 to 60.2

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    of 9

    GROWTH OF GSDP & PER

    CAPITA INCOME OF BIHAR IN


    LAST 15 YEARS
    Submitted by: Group 5A
    What is GSDP?

    Gross State Domestic Product (GSDP) is defined as a measure, in


    monetary terms, of the volume of all goods and services produced
    within the boundaries of the State during a given period of time,
    accounted without duplication.
    GSDP OF BIHAR

    YEAR NOMINAL GSDP (CR) REAL GSDP (CR)


    2005-2006 82490 76466
    2006-2007 100737 88840
    2007-2008 113680 93774
    2008-2009 142279 107412
    2009-2010 162923 113158
    2010-2011 203555 130171
    2011-2012 243269 143560
    2012-2013 293616 158909
    2013-2014 317101 269650
    2014-2015 342951 279482
    2015-2016 371602 296488
    2016-2017 422316 323004
    2017-2018 484740 366768
    2018-2019(P) 557490 394350
    2019-2020 (Q) 611804 414977
    GSDP OF BIHAR
    700000

    600000

    500000

    400000
    Amount in crores

    300000

    200000

    100000

    0
    2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013- 2014- 2015- 2016- 2017- 2018- 2019-
    2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019(P 2020
    ) (Q)

    Year

    REAL GSDP(CR) NOMINAL GSDP(CR)

    Source: Economic survey of Bihar 2015-16; 2019-20


    GSDP GROWTH RATE AT CONSTANT PRICE
    20.00

    15.00
    GSDP GRWOTH RATE

    10.00

    5.00

    0.00
    2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013- 2014- 2015- 2016- 2017- 2018- 2019-
    2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019(P 2020
    ) (Q)

    -5.00

    YEAR

    Source: Economic survey of Bihar 2019-20; Nitiyog


    What is NSDP?
    NSDP refers to Net State Domestic Product.

    From Gross State Domestic Product (GSDP), the Consumption of


    Fixed Capitals (CFC) is deducted to arrive at NSDP.

    Formula: NSDP = GSDP - CFC Consumption of Fixed Capital (CFC)

    Where, CFC is the value of fixed capital which is consumed during the
    process of production. It is calculated on the basis of life span of the
    fixed asset. 
    NSDP PER CAPITA INCOME OF BIHAR
    NSDP PER CAPITA AT CURRENT NSDP PER CAPITA AT
    YEAR PRICE CONSTANT PRICE
    2005-2006 8223 7588
    2006-2007 9967 8759
    2007-2008 11051 9070
    2008-2009 13728 10297
    2009-2010 15548 10635
    2010-2011 19111 12090
    2011-2012 22582 13149
    2012-2013 26948 14362
    2013-2014 26948 22776
    2014-2015 26948 23223
    2015-2016 30404 24064
    2016-2017 34045 25820
    2017-2018 36850 26669
    2018-2019(P) 40982 28668
    2019-2020 (Q) 46664 31287
    NSDP PER CAPITA INCOME OF BIHAR
    50000

    45000

    40000

    35000

    30000
    AMOUNT (IN CRS)

    25000

    20000

    15000

    10000

    5000

    0
    2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013- 2014- 2015- 2016- 2017- 2018- 2019-
    2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019(P 2020
    ) (Q)

    YEAR

    NSDP PER CAPITA AT CURRENT PRICE


    NSDP PER CAPITA AT CONSTANT PRICE
    FINDINGS & CONCLUSION

     The economy of Bihar during the period 2004 to 2011 termed as revival of the
    stagnant economy as the annual growth rate reached double-digit figures in
    2006, 2008, 2010, 2011, 2012 with an average of around 10%, much above the
    all-India figures.

    Sector wise contribution to GSDP


     Primary sector share in GSDP has declined steadily from 23.4 percent in
    2013-14 to 19.5 percent in 2019-20.
    The share of secondary sector has recorded a small change— from 19.3
    percent in 2013-14 to 20.3 percent in 2019-20.
     The tertiary sector has recorded a noticeable increase in its share, from 57.3
    percent in 2013-14 to 60.2 percent in 2019-20.

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