Bihar's turnaround analyzed at London School of Economics (LSE)

January 24, 2014

At the prestigious London School of Economics (LSE) a thesis titled “The New Bihar: Rekindling Governance and Development” launched. It was edited by Rajya Sabha MP N K Singh and director of LSE India Observatory Nicholas Stern. In it, the growth of the Bihar was the core point of discussion

Bihar is a state with a long and rich history which hit rock bottom for about 2 decades and got left behind from the mainstream development of the country.
It is one of the India’s poorest and most populous states.
Nevertheless, under the leadership of Chief Minister Nitish Kumar, the states’ turn around growth is the matter of discussion in the London School of Economics (LSE).
Its turnaround in the last eight-nine years has seen a growth rate of 13.5 % last year.
Still, Bihar needs additional and incremental growth because estimates show that if the state continues to grow at 13 %, it will take 20 years to approximate India’s average rate of growth.

Indian High Commissioner Mr. Ranjan Mathai stated that the Bihar story proves that the relatively low base as a starting point and small changes in policies and regulations can trigger growth.

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