Patna,(BiharTimes): Notwithstanding negative growth rate in the agriculture amd allied sector or primary sector Bihar registered a growth rate of 9.92 per cent in the year 2013-14. But, as in the last couple of years, the growth rate continued to decline.

The credit-deposit (CD) ratio reached 46.51%. It was 22.79% in 2001-02. But then it would not be fully appropriate to make this comparison as Bihar was bifurcated only in November 2000 and its mineral-rich half went on to become Jharkhand.

According to Bihar Economic Survey 2014-15, which was tabled in the state Assembly by Finance Minister Bijendra Yadav after the Nitish government won the trust vote on Wednesday, agriculture and allied sector (animal husbandry, forestry, logging, fishing, mining and quarrying) registered 10.03% growth.

The secondary sector or manufacturing, construction, electricity etc registered the growth of 11.57%.The tertiary or service sector recorded growth of 17.26%.The state’s per capita Gross State Domestic Product (GSDP) increased to Rs 17,294 during this period from Rs 15,931 in 2012-13.The GSDP at constant prices (2004-05) for 2013-14 has been estimated at Rs 3,43,054 crore against Rs 2,96,153 crore in 2012-13. Thus it registered a growth of 9.92 per cent.

The share of primary, secondary and tertiary sectors has been reported at 22 per cent, 19.2 per cent and 58.8 per cent respectively of the total GSDP in 2013-14 at constant prices.

Anyway, the economic growth marked a decline of 0.82 per cent in comparison to 10.74 per cent in 2012-13. It was also lesser than 10.29 per cent growth registered in the state during 2011-12. The fall in the figures can be attributed to slight decrease in the construction sector, drought in the state over the last few years and high prices of diesel.