Business in Bihar & its Challenges

 

Bihar is one of the richest workforce state in India. It is separated from Jharkhand in year 2000. Since then, its overall revenue is dropped by 70%. The state is also requesting for special category for years from central government. However if speaking about Business scenario of Bihar the status comes as a drawback. Job providing by government for such a mass workforce is not an easy or achievable task. But there is a lack of mindset in this sector. People are service oriented. They have the target of Royal job capacity. It does mean that even job should be in Government sector in priority basis. Then after Private sector comes. Its now a circle of job chain in bihar. They either want a government job or a private sector job with security. No one is trying to break this chain or want to change circle entities. It is because The government has no vision for private sector evolution in state. If a body is trying to set up a business or industry in state, he/she has to face a lots of hurdles. First of all no one is going to support at moral level because of such environment, second government and other institutions have no such facilities that make a business startup in easy mode with less government duties and more flexible facilities by government in different ways. There is no such infrastructure to set up a high-tech industry in state. Even Not a single facility to grow business market has started by government since decade and earlier also. So, this is the reason of evolution of such a circle and a job chain.Without a public-private partnership vision no way to break this hurdle in favour of state. Even state capital is facing the basic needs to become a smarter city, so how a Special Economic Zone can be imagined! The figure of highest GDP rate is the result of huge workforce in state and their migration which results a huge flow of cash from outside. But we don’t know our investment in education, labour and livelihood goes to other state. Our brain and muscles are making other states richer and we are still counting as a poorer state in India. We are rich in politics because we  already left the government and our ruler to do as they want because we don’t expect for our state to become richer in any aspect not via government or by ourselves. Till not the private sector comes in state there is no way to break the job chain. And we with government is responsible for this hurdle in state.

So, this circle persists and we are losing our wealth via money and brain in respect of time.