Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data was reported at 2.830 % in 2024. This records an increase from the previous number of 2.772 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data is updated yearly, averaging 2.743 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 2.894 % in 2020 and a record low of 2.351 % in 2006. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

NSDP Per Capita: Bihar data was reported at 60,180.373 INR in 2024. This records an increase from the previous number of 53,400.628 INR for 2023. NSDP Per Capita: Bihar data is updated yearly, averaging 36,849.782 INR from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 60,180.373 INR in 2024 and a record low of 21,749.854 INR in 2012. NSDP Per Capita: Bihar data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI004: Memo Items: State Economy: Net State Domestic Product per Capita.

The estimated per capita income across the eastern state of Bihar in India stood at around ** thousand Indian rupees in the financial year 2024. Despite the consistent increase in the income per capita in the state since financial year 2012, Bihar had the lowest per capita in the last decade when compared to other states in the country.

The estimated per capita income across Sikkim was the highest among Indian states at around *** thousand Indian rupees in the financial year 2024. Meanwhile, it was the lowest in the northern state of Bihar at over ** thousand rupees. India’s youngest state, Telangana stood in the fifth place. The country's average per capita income that year was an estimated *** thousand rupees. What is per capita income? Per capita income is a measure of the average income earned per person in a given area in a certain period. It is calculated by dividing the area's total income by its total population. If absolute numbers are noted, India’s per capita income doubled from the financial year 2015 to 2023. Wealth inequality However, as per economists, the increase in the per capita income of a country does not always reflect an increase in the income of the entire population. Wealth distribution in India remains highly skewed. The average income hides the disbursal and inequality in a society. Especially in a society like India where the top one percent owned over ** percent of the total wealth in 2022.

NAS 2011-2012: Gross State Domestic Product: Bihar data was reported at 8,526,212.021 INR mn in 2024. This records an increase from the previous number of 7,454,396.672 INR mn for 2023. NAS 2011-2012: Gross State Domestic Product: Bihar data is updated yearly, averaging 4,687,463.102 INR mn from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 8,526,212.021 INR mn in 2024 and a record low of 2,471,439.606 INR mn in 2012. NAS 2011-2012: Gross State Domestic Product: Bihar data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI002: Memo Items: State Economy: Gross State Domestic Product.

Bihar accounted for about 34 billion Indian rupees from sugar crops in the Indian economy in fiscal year 2023. This value was higher compared to the previous fiscal year. The state made up over three percent of the economic value from sugar crops in the agricultural sector in India that year.

In 2022, ****** was home to the highest number of millionaires, followed by India’s capital New Delhi, and the IT capital - Bengaluru. This comes as no surprise since all three cities have the largest share of high net worth households along with a booming economic outlook. Overall, India had around *** billionaires as of March 2023, and ranked third globally in terms of its ultra-net-worth individuals. A growing wealth gap Despite this, India also has a very high wealth inequality with millions of people living below the poverty line. In fact, according to the last census, the state of Maharashtra (with Mumbai as its capital city) had the highest number of slums across the country with over *** million households. Furthermore, according to a 2015 study on the geography of the super-rich, Bangalore was ranked first in terms of the inequality between its rich and poor, with the wealth of the city’s billionaires being ******* times that of the average per capita GDP in the city. Mumbai came second in this listing, while Delhi was ranked fifth. It's a rich man's world As of 2018, the richest ** percent of Indians owned **** percent of the country’s wealth. The Indian economy was also seen to be one of the fastest growing economies across the world. This indicates the level of unequal distribution of wealth in the country. This is a matter of grave concern and has several implications in terms of the country’s development and progress.