Bihar Agriculture and Industry

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Bihar's

Bihar's gross state domestic product (GSDP) for the fiscal year (FY) 2013–14 was around ₹3,683.37 billion. By sectors, its composition is 22% agriculture, 5% industry and 73% services.[citation needed] Bihar has the fastest-growing state economy in terms of GSDP, with a growth rate of 17.06% in FY 2014–15.[131] The economy of Bihar was projected to grow at a compound annual growth rate (CAGR) of 13.4% during 2012–2017 (the 12th Five-Year Plan). Bihar has experienced strong growth in per capita net state domestic product (NSDP). At current prices, per capita NSDP of the state grew at a CAGR of 12.91% from 2004 to 2005 to 2014–15.[132] Bihar's per capita income went up by 40.6% in FY 2014–15.[133] The state's debt was estimated at 77% of GDP by 2007.[134] Among the states of India, Bihar is the fourth-largest producer of vegetables and the eighth-largest producer of fruits. About 80% of the state's population is employed in agriculture, which is above the national average.[132] The main agricultural products are litchi, guava, mango, pineapple, brinjal, lady's finger, cauliflower, cabbage, rice, wheat, sugarcane, and sunflower. Though good soil and favourable climatic conditions favour agriculture, this can be hampered by floods and soil erosion.[135] The southern parts of the state endure annual droughts, which affect crops such as paddy.[136] The Finance Ministry has sought to create investment opportunities for big industrial houses like Reliance Industries. Further developments have taken place in the growth of small industries, improvements in IT infrastructure, a software park in Patna, Darbhanga, Bhagalpur,[141] and the completion of the expressway from the Purvanchal border through Bihar to Jharkhand. In August 2008, a Patna-registered company called the Security and Intelligence Services[142] took over the Australian guard and mobile patrol services business of American conglomerate, United Technologies Corporation (UTC). SIS is registered and taxed in Bihar.[143][relevant?] Prior to prohibition, Bihar emerged as a brewery hub with numerous production units.[144] In August 2018, United Breweries Limited announced it would begin production of non-alcoholic beer at its previously defunct brewery in Bihar

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