Approach to 11th Five Year Plan. Vision for Accelerated Inclusive Growth. Bihar

Abstract

The Approach Paper for the Eleventh Plan for the State of Bihar is an effort to lay down the broad macro framework of the State Government and give proper direction to the growth process on the basis of well conceived priorities and appropriate correction strategy to reverse the retarded growth trend of the economy of the State. The Approach Paper is the first scientific attempt made in Bihar to conduct simulation exercises for working out investment requirements for alternative scenarios of growth on the basis of Incremental Capital Output Ratio (ICOR) for different sectors. It also outlines the broad vision and strategy of the State Government and it is intended to serve as a guide for the preparation of the Eleventh Plan proposals of the State.