Bihar receives award for highest growth rate

Patna,(BiharTimes): President Pranab Mukherjee on Saturday awarded Bihar for the highest growth rate among larger states during the 11th five year plan.

At a function organized by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi the President gave award to Deputy chief minister Sushil Kumar Modi.

Bihar Deputy Chief Minister, Sushil Kr. Modi being awarded with a trophy for highest Industrial growth, by President Pranab Mukherjee, at The Chief Minister's Conclave & 107 Annual Session" of The PHD Chambers of Commerce & Industry held at Hotel Le-Meridiaen, New Delhi on 15 Dec. 2012.

Chief ministers of Chhattisgarh, Raman Singh, Uttarakhand Vijay Bahuguna and Himachal Pradesh Prem Kumar Dhumal and agriculture minster of Madhya Pradesh were also present at the 107th convention of the PHDCCI held at a private hotel.

Modi, while speaking on the occasion, said Bihar has witnessed rapid development under the leadership of Nitish Kumar. He said the state’s budget in 2005-06 was Rs 22,658 crore, which has increased to Rs 78,000 crore in 2012-13. Between the first five-year plan and ninth five-year plan, Bihar’s average growth rate was three per cent per annum, which increased to 7.34 per cent during the 10th five-year plan and 11 per cent during the 11th five-year plan at constant prices.