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According to the Bihar Economic Survey (2021-2022), what was the rate of growth of Gross State Domestic Product (GSDP) of Bihar in 2020-2021?
  • a)
    2.5%
  • b)
    2.3%
  • c)
    2%
  • d)
    More than one of the above
  • e)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
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According to the Bihar Economic Survey (2021-2022), what was the rate ...
The correct answer is option 1.
Key Points
  • On the first day of the budget session of the Bihar Legislative Assembly, Deputy Chief Minister of Bihar Tarkishore Prasad delivered a speech on the floor of the House outlining the 16th Economic Survey of the state for 2021–2022.
  • Despite the effects of the "lockdown" implemented to stop the Covid-19 pandemic, Bihar's Gross State Domestic Product (GSDP) increased by 2.5 percent in 2020–21, which is better than the national average.
  • Bihar experienced the highest rates of growth in the primary sector (2.3%), secondary sector (4.8%), and tertiary sector (8.5%) over the past five years (2016–17 to 2020–21).
  • Over the past five years, from 2016–17 to 2020–21, growth in the state's agriculture and related sectors has been 2.1%.
Gross State Domestic Product
  • The gross state domestic product (GSDP) is the sum of the market values of all final products and services produced inside a state in a certain time period, often a year.
  • The GSDP is a crucial metric for assessing socioeconomic progress and the expansion of various economic sectors. Therefore, the GSDP estimations are crucial for academics, administrators, planners, and policy makers.
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According to the Bihar Economic Survey (2021-2022), what was the rate of growth of Gross State Domestic Product (GSDP) of Bihar in 2020-2021?a)2.5%b)2.3%c)2%d)More than one of the abovee)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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