Bihar's Growth Stagnating, Faces Welfare Trap: Ruchir Sharma

A smart investor named Ruchir Sharma visited Bihar and saw that it got much better between 2005 and 2015.

Things like roads and electricity improved a lot.

But after 2015, things slowed down.

He saw a lot of poverty, even near the capital city.

Sharma worries that Bihar is spending too much money on helping people with basic needs, like giving money to women, which is called a 'welfare trap'.

He thinks this money should be spent more on building new things, like better roads and factories, to create jobs.

He also talked about how banning alcohol might be popular with some people, especially women, but it might not be the best for the state's economy because it stops the government from earning money and might lead to more illegal drinking.

He noted that many women seem to support the current government, which might be because of the money they receive.