Patna: The economic survey for 2010-11, presented in Bihar Assembly on Wednesday, projected the growth rate at 10.05 per cent. This is a marginal fall from 11.70 per cent during the corresponding period of previous year.

There has been substantial diversification towards secondary and tertiary sectors.

Deputy Chief Minister S K Modi, who also holds finance portfolio, said the economic survey shows that the GSDP for Bihar in 2009-10 was Rs 1,72,138 crore.

During 1999-2000 to 2004-2005, the economy had grown at an annual rate of 3.5 per cent, but it grew at the rate of 10.93 per cent during 2004-005 to 2010-11, he said.

"This is the highest among the growth rates of different Indian states," he said adding that since the finalisation of this survey, the Directorate of Statistics and Evaluation, Bihar, communicated a fresh set of estimates of GSDP and NSDP in Bihar, according to which the GSDP at current prices in 2009-10 stood at Rs 1,68,603 crore with per capita income of Rs 17,590, still one third of the national average.

He, however, noted that the agriculture sector's contribution decreased to 19 per cent, secondary 17 per cent, construction 11 per cent, transport/storage 6 per cent,
trade/hotel 30 per cent and other services contribution was 11 per cent.

"This show substantial diversification towards secondary and tertiary sectors and good for Bihar economy," he claimed.

In 2004-05, the agriculture sector had contributed 26 per cent, construction six per cent, transport and storage/communication contributed six per cent, trade and hotel contributed 22 per cent and other services contributed 13 per cent to the GSDP at constant prices, Modi said.

Bihar Deputy Chief Minister said that this success was made possible because of the state government taking positive steps for increasing the common man's faith in police and the speedy trial mechanism has been effectively used to expedite convictions, as it rose from 6839 in 2006 to the total of 54,883 upto November, 2010.

 (Agency inputs)