Jharkhand Is Born

The Economy of Jharkhand

There are 62 large industries including TISCO, TELCO, Bokaro Steel in Jharkhand. After the new state is formed North Bihar will have 72 per cent of the present population, however its revenue will be down 55 per cent.

It definitely seems that Jharkhand would gain more than Bihar. Its per capita income would be 5.5 times that of a divided Bihar.

There is little likelyhood of meeting the entire demands of the State but there is the possibility of adjusting the package against already approved projects in Bihar. Moreover, Bihar is notorious in surrendering the fund meant for development work as it has shown no capacity to spend money or time on this, owing to its mismanaged administration, bureaucratic apathy and corruption. On the whole, figures indicate that Bihar will bear a greater loss as it will be depleted of its natural and fiscal resources.

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