Bihar moving towards $1.1 trillion economy due to infra devpt in last 2 decades: Minister
The CII released the report on Tuesday.
"The CII estimates Bihar's economy to more than double by 2030-31 and reach $219-billion levels (the optimistic scenario). Over a longer horizon, the economy is expected to reach the size of $1.1 trillion by 2046-47," said the report titled 'Bihar: A US$1-trillion Economy', released at the 4th CII East India Summit in Mumbai.
Expressing happiness on the CII vision document, Mishra said this document will become a guide for the all-round industrial and economic development of Bihar.
"We are seen as a struggling and poor state, compared to the developed ones. But if we see the state's journey in the last two decades, Bihar has everything now, like a good infrastructure and governance model, which are the prerequisites for the industries to invest anywhere.
We have already signed MoUs worth Rs1.81 lakh crore. The CM's announcement on Independence Day regarding the industrial incentives and policy will bring more investments to Bihar," Mishra said, adding the state can be seen as becoming the most attractive destination for investors, not only within the country but also globally, in the coming years.
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He added India is the fourth largest economy in the world today and is moving towards $5 trillion. "In this sequence, Bihar is also moving forward and will contribute to the nation's development. This is not a dream, but a goal to be realized with our policies, plans and the energy of the youth. The biggest strength of Bihar is its youth. The new generation of the state will take Bihar to new heights of development with its energy, talent and innovation.
Industrial investment, skill development, infrastructure strengthening and entrepreneurship will get a new direction through this vision document," he hoped.
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