Industrial development plays a key role in a state's economic growth as showcased by Bihar's limited economic output mainly from agriculture. Past policies like freight equalization have hindered industrial growth by incentivizing companies to set up facilities closer to coastal trade hubs, leading to limited job opportunities in states like Bihar. The separation of Jharkhand from Bihar further depleted its industries and mineral resources, contributing to Bihar being India's poorest state in terms of access to basic amenities.
In today’s episode for 14th June 2024, we talk about the economics of according the “Special Category Status” to a state and why Bihar and Andhra Pradesh are asking for it.
Speak to Ditto's advisors now, by clicking the link here - https://bit.ly/4bZKRXS