2. Gross State Domestic Product (GSDP) is defined as a measure, in
monetary terms, of the volume of all goods and services produced
within the boundaries of the State during a given period of time,
accounted without duplication.
It is an important indicator of economic performance of a state.
What is GSDP?
6. NSDP refers to Net State Domestic Product.
From Gross State Domestic Product (GSDP), the Consumption of Fixed Capitals
(CFC) is deducted to arrive at NSDP.
Formula: NSDP = GSDP - CFC Consumption of Fixed Capital (CFC)
Where, CFC is the value of fixed capital which is consumed during the process of
production. It is calculated on the basis of life span of the fixed asset.
What is NSDP?
7. YEAR
NSDP PER CAPITAAT CURRENT
PRICE
NSDP PER CAPITAAT
CONSTANT PRICE
2005-2006 8223 7588
2006-2007 9967 8759
2007-2008 11051 9070
2008-2009 13728 10297
2009-2010 15548 10635
2010-2011 19111 12090
2011-2012 22582 13149
2012-2013 26948 14362
2013-2014 26948 22776
2014-2015 26948 23223
2015-2016 30404 24064
2016-2017 34045 25820
2017-2018 36850 26669
2018-2019(P) 40982 28668
2019-2020 (Q) 46664 31287
NSDP PER CAPITA INCOME OF BIHAR
P = Provisional estimate; Q = Quick estimate
9. FINDINGS & CONCLUSION
The economy of Bihar during the period 2004 to 2011 termed as revival of the
stagnant economy as the annual growth rate reached double-digit figures in
2006, 2008, 2010, 2011, 2012 with an average of around 10%, much above the
all-India figures.
Sector wise contribution to GSDP
Primary sector share in GSDP has declined steadily from 23.4 percent in
2013-14 to 19.5 percent in 2019-20.
The share of secondary sector has recorded a small change— from 19.3
percent in 2013-14 to 20.3 percent in 2019-20.
The tertiary sector has recorded a noticeable increase in its share, from 57.3
percent in 2013-14 to 60.2 percent in 2019-20.
