Bihar registered 10.5pc growth rate in FY19: Economic Survey

Patna, Feb 24 () Bihar clocked a growth rate of10.53 per cent in 2018-19 as against the national average of6.8 per cent, according to the state's Economic Survey for2019-20.

"Bihar recorded an average growth rate of above 10 percent in the past three consecutive years," Deputy ChiefMinister Sushil Kumar Modi said, while tabling the 14thEconomic Survey in the assembly.

The main drivers of the economy which have helped thestate register a double-digit growth include air transport (36per cent), other services (20 per cent), trader and repairservices (17.6 per cent) and road transport (14 per cent), hesaid.

Sushil Modi said the fiscal deficit was 2.68 per centof GSDP, revenue surplus 1.34 per cent and outstanding publicdebt liability of the state government 32.34 per cent of theGSDP during 2018-19.

The total revenue receipt of Bihar was Rs 1,31,793crore and capital receipt Rs 20,494 crore, he said, adding,revenue expenditure and total expenditure were Rs 1,24,897crore and Rs 1,54,655 crore, respectively.

Gross State Domestic Product (GSDP) stood at Rs5,57,490 crore at current prices and Rs 3,94,350 crore atconstant (2011-12) prices in 2018-19, he added. ARRBT RBT