The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Bihar accounts for 71 percent of India’s annual how to invest in quora production. The economy of Bihar is largely service-oriented, but it also has a significant agricultural base.
The state also has a small industrial sector. For the period 2002-2007, average growth rate of Manufacturing in the state was 0. In actual terms, as of 2012-2013, Bihar state GDP is ranked 13 out of 29 states. Corruption is an important hurdle for the government to overcome according to Transparency International India, which the government has also acknowledged. The Magadha economy, under Mauryan royal government, depended mainly on agriculture and the state owned large farm lands for cultivation. The other income of the state came from the taxes levied on agriculture, land, trade, and industrial products such as handicrafts.
In the 1540s Sher Shah, the ruler of Bihar and northern India, introduced measures that included laws to ensure that peasants were not cheated and that all were treated equally irrespective of religion and class. Sher Shah built the Grand Trunk Road stretching from Bengal to Peshawar, which is in use even today. You can help by adding to it. The sugar and vegetable oil industries were flourishing sectors of undivided Bihar. Bihar was truly an agriculture power house in the days after independence . Dalmianagar was a large agro – industrial town. The government, between 1947 and 2000, supported the industrialisation of the southern half of the state rather than the north was the major cause of the lack of industrialisation in north Bihar.