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Winds of change
We spent nearly a week travelling in Bihar. Why Bihar? Bihar is India’s
12th largest state by area and 3rd largest state by population with almost
58% under 25 years. This is where India’s demographic dividend resides
and for long this state has been seen as an area of darkness. It in many
ways represented the worst of India in terms of governance, caste ridden
politics, crime, lack of opportunities and poor infrastructure. It is also a
large market if light starts shining on Bihar. Over the last five years,
winds of change have been blowing with the NDA government in power
and in November, it won an overwhelming unprecedented majority.
Vartaman: the present
Four areas of governance have seen significant improvement in the last five years:
law and order, roads, health and education; Power availability has also improved
The above helped the NDA – JD (U) and BJP are the principal partners in the
coalition – to come back to power in November 2011 with unprecedented majority,
where technically there is no opposition in the state assembly today
Caste-religious equations were dumped as the NDA returned to power; Surprisingly
BJP did much better than its partner in terms of incremental gains; but caste is
never far away – it’s your first identity in this state
The population cutting across socio-economic strata is extremely positive about the
developments in the state and its future
Bhootkaal: the past
Fifteen years of rule by Rashtriya Janata Dal (RJD) destroyed the infrastructure and
economy of the state; Many factories and industries shut down their operations
Law and order situation worsened dramatically and people lost faith in law
enforcement agencies; In the 90s, it was said that kidnapping is the fastest growing
industry in the state
The road network was in shambles; a 100km journey could take over 10 hours;
Power cut of 15-20 hours was routine
Anecdotes abound about how corruption had eaten into every sphere of life; some
tales are shocking in a country which is largely inured to stories of corruption
Bhavishya: the future
The people are very optimistic today and are starting to invest in their businesses
People are also spending money and as a result autos, financial services are
witnessing very high growth rates, significantly over national averages
The government’s agenda for the next five years – war on corruption, improve the
power situation and attract large scale investments; but challenges remain
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Winds of change
We spent nearly a week travelling in Bihar. Why Bihar? Bihar is India’s
12th largest state by area and 3rd largest state by population with almost
58% under 25 years. This is where India’s demographic dividend resides
and for long this state has been seen as an area of darkness. It in many
ways represented the worst of India in terms of governance, caste ridden
politics, crime, lack of opportunities and poor infrastructure. It is also a
large market if light starts shining on Bihar. Over the last five years,
winds of change have been blowing with the NDA government in power
and in November, it won an overwhelming unprecedented majority.
Vartaman: the present
Four areas of governance have seen significant improvement in the last five years:
law and order, roads, health and education; Power availability has also improved
The above helped the NDA – JD (U) and BJP are the principal partners in the
coalition – to come back to power in November 2011 with unprecedented majority,
where technically there is no opposition in the state assembly today
Caste-religious equations were dumped as the NDA returned to power; Surprisingly
BJP did much better than its partner in terms of incremental gains; but caste is
never far away – it’s your first identity in this state
The population cutting across socio-economic strata is extremely positive about the
developments in the state and its future
Bhootkaal: the past
Fifteen years of rule by Rashtriya Janata Dal (RJD) destroyed the infrastructure and
economy of the state; Many factories and industries shut down their operations
Law and order situation worsened dramatically and people lost faith in law
enforcement agencies; In the 90s, it was said that kidnapping is the fastest growing
industry in the state
The road network was in shambles; a 100km journey could take over 10 hours;
Power cut of 15-20 hours was routine
Anecdotes abound about how corruption had eaten into every sphere of life; some
tales are shocking in a country which is largely inured to stories of corruption
Bhavishya: the future
The people are very optimistic today and are starting to invest in their businesses
People are also spending money and as a result autos, financial services are
witnessing very high growth rates, significantly over national averages
The government’s agenda for the next five years – war on corruption, improve the
power situation and attract large scale investments; but challenges remain
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