What is it about?
This paper generates time-series estimates of net fixed capital stock for Bihar (India) from 1980-81 to 2016-17 to measure the extent to which production activity increases wealth and creates conditions needed to continue the production of goods and services in future
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Why is it important?
Capital stock is the engine of growth for an economy. Decelerated growth of capital stock in the primary sector (basically agriculture) and lower growth performance in the secondary sector is a matter of concern for the policy makers.
Perspectives
In the light of the need for a strong agriculture sector for Food Security and Industrial & infrastructural development, there is a dire need to focus on the reorientation of investment planning and strategy for the agriculturally deprived state of Bihar.
Dr. Jitendra Kumar Sinha
Retired from Directorate of Economics & Statistics, Bihar.
Read the Original
This page is a summary of: Trend and Growth of Capital Stock in Bihar During 1980-2017, Journal of Humanities Arts and Social Science, June 2020, Hill Publishing Group Inc.,
DOI: 10.26855/jhass.2020.01.008.
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