Thursday, August 27, 2015
Sunday, August 23, 2015
What Is Bihar's Current Growth Rate?
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| Per capita net state domestic product (NSDP) of Indian states in 1997-1998 (Darker states have higher per capita NSDP). The states of Rajasthan, Bihar, Madhya Pradesh and Uttar Pradesh have one of the lowest NSDPs. (Photo credit: Wikipedia) |
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| Per capita income in Bihar PER CAPITA INCOME OF ALL STATES/UT'S AND ALL INDIA AT CURRENT PRICES (Photo credit: Wikipedia) |
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| Macro-economic trend, This is a chart of trend of gross state domestic product of Bihar at market prices estimated by Ministry of Statistics and Programme Implementation (Photo credit: Wikipedia) |
Indian states by GDP Growth
At constant 2004-05 prices, Puducherry has attained highest GSDP growth of 10.69% among 33 Indian States and Union Territories In year 2013-14. Only Puducherry has growth rate of above 10 per cent. Next in line come Meghalaya (9.76%), Chandigarh (9.64%), Madhya Pradesh (9.48%) and Delhi (9.35%). With Gross state domestic product Growth rate of 9.12 per cent Bihar is at number 7 and Gujarat is at number 10. .......... The bottom five states, in reverse order, are Odisha (1.82%), Telangana (4.76%), Rajasthan (4.79%), Uttar Pradesh (4.95%) and Chhattisgarh (4.99%). ..... Data for 2014-15 are available for 23 states. Puducherry (11.54%) is fastest growing Indian state of country followed by Madhya Pradesh (10.19%). These two states have growth rate of above 10 per cent. Three states Bihar, Uttarakhand and Meghalaya has gdp growth rate between 9 to 10 percent. Jammu & Kashmir has lowest growth of -1.57%. ........ During Period 2005-14, Sikkim has highest average growth rate of 16.49%. Uttarakhand (12.45%), Puducherry (10.62%), Goa (10.26%) is at 2nd, 3rd, and 4th position, respectively. Rank of Bihar is 8 and rank of Gujarat is 9. Four states/UTs has average growth rate of above 10 per cent. 11 states has above 9 per cent, and 18 has above 8 per cent. 20 states has grown faster than India's average 7.61 per cent at 2004-05 prices. Bottom five states are : Manipur, Assam, Jammu & Kashmir, Arunachal Pradesh and Odisha. .......Economy of Bihar
At current prices, top five fastest growing states during 2005-14 are : Sikkim (26.06%), Uttarakhand (19.57%), Bihar (18.10%), Telangana (17.92%), and Rajasthan (16.74%).
17 states has growth rate greater than India's average 15.04 per cent. Five slowest states are : Manipur, Jharkhand, Assam, Tripura and Nagaland.
As of 2012, agriculture accounts for 22%, industry 5% and service 73% of the economy of the state ..... Bihar has the lowest GDP per capita in India but there are pockets of higher per capita income like the southern half of the state and its capital city, Patna, had per capita income greater than that of Bangalore or Hyderabad in 2008. ...... in June 2009, the World Bank reported that Patna was the second best city in India to start a business, after Delhi. ...... in January 2010, the Indian government's Central Statistics Organisation reported that in the five-year period between 2004–2005 and 2008–09, Bihar's GDP grew by 11.03%, which made Bihar the second fastest growing economy in India during that 5-year period, just behind Gujarat's growth of 11.05%. ....... The state has a per capita income of $360 a year against India's average of $1265 and 30.6% of the state's population lives below the poverty line against India's average of 22.15%. ...... The level of urbanisation (10.5%) is below the national average (27.78%). Urban poverty in Bihar (32.91%) is above the national average of 23.62%. .... Also using per capita water supply as a surrogate variable, Bihar (61 litres per day) is below the national average (142 litres per day).Bihar's economy grew 9.92 per cent in FY14: Survey
"Bihar is one of the few states, which have a higher growth rate than the national economic growth. It means
development here has consolidated and growth has become irreversible now.
This points out towards a vibrant economy in the state." ....... "The growth in per capita income is encouraging. It has climbed to Rs 17,294 in 2013-14 from Rs 15,931 in 2012-13. Ten years ago it was one-fourth of the national per capita income, but now it is around 40 per cent of the national per capita income, which is at Rs 39,904," Yadav said. ..... "It will take around 15 to 20 years to catch up with the national average at the current economic growth rate," he said.
Bihar tops in growth: CSO
Bihar is the fastest growing State while Tamil Nadu is the worst performer ..... Bihar’s Gross State Domestic Product (GSDP) grew 10.73 per cent during 2012-13 — the only State that clocked a double-digit growth rate during the year. The growth rate was 10.29 per cent in 2011-12 and 15.03 per cent in 2010-11. ...... Tamil Nadu recorded the slowest growth rate — 3.39 per cent — slower than the national average of 4.5 per cent in 2012-13. The second-best performing State is Madhya Pradesh, which grew at 9.89 per cent. Delhi is third with a growth rate of 9.33 per cent. ...... The CSO-verified growth rate for 2012-13, however, is lower than that reported by Bihar’s Statistics Directorate. The State government had reported a growth rate of 15.05 per cent. ...... All major industrial States lag behind Bihar. Growing at 7.96 per cent, Gujarat is ranked sixth and Maharashtra ninth with 6.18 per cent. ..... “The CSO never seeks political approval of any of its numbers. Even the Prime Minister cannot be provided any data before it is made public,” said a senior source at the Ministry of Statistics and Programme Implementation, citing one of the reasons for the rising discrepancies. ...... “However, the rules of the State Statistical Directorates need them to seek political approval from Chief Ministers or Finance Ministers,” he said.Bihar’s growth accelerates to a record 14.48%
Bihar has revised its economic growth for 2012-13 to 14.48%, five percentage points higher than what was initially forecast, according to two officials at the state’s directorate of statistics. .... The new numbers confirm the state’s structural shift away from agriculture, with a sharp increase in the share of the tertiary or services sector.......Bihar''s economy grew 9.92 per cent in FY14: Survey
Experts said the data released by the Bihar’s directorate of economics and statistics should be interpreted carefully.
..... “Bihar’s growth story reflects that if you have heavily distorted regional economies, even small policy changes have large growth effects” ..... while the state’s growth performance was remarkable, it needed to do more to reduce poverty.
the GSDP at constant prices (2004-05) for 2013-14 has been estimated at Rs.3,43,054 crore against Rs.2,96,153 crore in 2012-13, registering a growth of 9.92 per cent. ..... However, the economic growth marked a decline of 0.82 per cent in comparison to 10.74 per cent in 2012-13. It was also lesser than 10.29 per cent growth registered in the state during 2011-12. ...... "Growth of the states is driven much by the national growth rate, and move up and down accordingly. The fall in the figures can also be attributed to slight decrease in the construction sector, serious drought in the state over the last few years and high prices of diesel." ..... the own tax revenue of the state grew from Rs.8,090 crore in 2009-10 to Rs.19,961 crore in 2013-14. ...... Sales tax alone comprised 42 per cent of the total, followed by 22 per cent through taxes on goods and passengers, 16 per cent via state excise duty, 14 per cent by stamp and registration fees and four per cent through taxes on vehicles. ....... Power availability during the peak period was 2,335 MW in 2013-14, which increased to 2,829 MW in September 2014Land issue: How PM Narendra Modi can go on the offensive
acquisition problems affect over 40 per cent of major stalled projects, though they are not always the binding constraint. The 2013 Act on acquisition provided for the consent of 70-80 per cent of affected persons plus a social impact assessment. Niti Aayog fears this could take years to complete. ..... Accusations that Modi was anti-farmer and pro-business tarnished his image, and may cost him the coming Bihar election. So, the government has turned tail and allowed its bill to lapse, instead of re-issuing it through an ordinance, as it did twice before. The 2013 law once again prevails. ..... Why this retreat? First, the government estimates the acquisition problem is smaller than earlier believed. Second, a detailed look at the 2013 Act has revealed loopholes that may make a new law unnecessary. That Act was supposed to make consent mandatory, but omitted the word "consent" from the clause on acquisition for a long list of government projects including industrial corridors, special manufacturing zones and other zones specified in the National Manufacturing Policy. Such land could later be leased to private companies. For all such zones, it can now be argued that no consent is required, removing one cause of delay. ........ The 2013 Act also requires state governments to issue rules for social impact assessments (SIAs). While industrialists fear this could take years, states can specify a short timeline of just 3-6 months. If this is made co-terminus with environment assessment, also required for such projects, then SIAs may not entail any additional delay at all. And so, the government believes, delays can be avoided in most cases without a new law. ....... What's legally permissible may be politically damaging. ....... A better, proactive approach would be to showcase land policy as the road to prosperity, not expropriation. Modi should have a three-pronged strategy. The first priority should be "land pooling", initiated by Chandrababu Naidu in Andhra Pradesh. The second priority should be land leasing, as provided for in section 104 of the 2013 Act. Forced acquisition should be the third and last priority. ...... Naidu has persuaded thousands of farmers to voluntarily "pool" their land to help build a new state capital. Once built, farmers will get 1,000 sq yds of residential property and 200-450 sq yds of commercial property for each acre pooled. This developed land is expected to be worth Rs 8-9 crore per acre, against the current price of Rs 1-2 crore. In addition, all farmers will get an annuity of Rs 30,000-50,0000, payable monthly, for 10 years till the city is completed. Landless labourers will get a pension of Rs 2,500 per month......... Modi should take thousands of farmers from Bihar and other states to meet the farmers in AP who are voluntarily pooling their land. That alone will convince people in far-off states that pooling can work elsewhere. It may not work for some projects, like mines in remote tribal areas, but can work for many projects. More important, it can puncture opposition claims that Modi is anti-farmer. ...... Where pooling is not feasible, leasing should be the second option. Instead of acquiring land, state governments should lease it at double the market rate, linked to the cost of living. Leases should be renewable every 33 or 40 years, with a lump sum payable for every renewal. The farmer will remain owner of the land, which will be an income-earning, appreciating asset. Industrialists will be his tenants, not his expropriators. He can sell, divide or bequeath his property, as with any other rental property. ........ States may have to amend their leasing laws to give stronger property rights to lessors. Current land laws tend to give overwhelming rights to tenants at the expense of owners. Modi should ask BJP-ruled states to experiment with this leasing option, remove glitches, and then showcase that as a superior option to acquisition. However, acquisition may still be required for linear projects requiring contiguous land — roads, railways, canals. ......
Modi has gone on the defensive on land. He needs instead to go on the offensive, showcasing pooling and leasing. He should present them as equitable solutions rather than problems.
Saturday, August 22, 2015
Nitish
आज हुए इंटरव्यू का लिंक। कमेंट में अपनी टिप्पणी जरूर लिखे और ज्यादा से ज्यादा शेयर करें।...
Posted by Bihar JDU on Saturday, August 22, 2015
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