A Study On Socio-Economic Transformation Of Bihar After LPG Reform

Le résumé fourni par la source

Economic liberalisation in Bihar has brought about a slow-yet-steady socio-economic change in this state since its adoption in 1991. Bihar, one of the poorest states in India in the past, has witnessed a steady growth of its economy with Gross State Domestic Product (GSDP) and per capita income improving significantly over the last decades. Economic growth has been accompanied by structural diversification, which is fueled by rising role played by services sector and slow industrial growth. At the same time, there is an increased level of social indicators (literacy, health outcomes, Human Development Index (HDI)) and the decrease in multidimensional poverty. In spite of these developments, the state is still struggling with the same problems such as gender inequalities, low industrialisation, minimal formal jobs, and massive migration. Gathered relying on the secondary data on official sources and research papers, this paper examines the economic and social course of the post-1991 Bihar through its descriptive and comparative analysis. The results explain the gains made and the structural limitations that are still in place, and hence the necessity to develop Bihar through inclusive and employment-intensive development strategies in order to achieve sustainable schedules of socio-economic development

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