THE ECONOMIST
It is surely no coincidence that Bihar, besides being India’s poorest state, has also been its least inviting for entrepreneurs. That is supposed to be changing. Nitish Kumar, Bihar’s chief minister, has spent his five years in office fixing the roads and other infrastructure. Crime has fallen, so the bright and wealthy are no longer frightened off by the threat of kidnapping, extortion and murder. Stability has allowed local trade to flourish. A state official reels off an impressive-sounding list of 398 approved investment proposals—from sugar mills to power plants—worth $4.8 billion. That all sounds rosy, until you look for success on the ground. India’s tycoons have visited, and left. There is not one example of a big industrial investment to show for it.
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