New Age Economy

New Age Economy
Classification
Economic development initiativeGovernment of Bihar
Period
Five years
OccasionFirst cabinet meeting of Bihar Government (2025)
Press release presentation
ByChief secretary Pratyaya Amrit
VenueBihar Legislative Assembly
Announcement date25 November 2025

New Age Economy refers to the ambitious initiative of the Bihar Government announced at the first cabinet meeting after the formation of the new government (2025) in the state of Bihar led by the chief minister Nitish Kumar. The ambitious initiative of the "New Age Economy" was announced on 25 November 2025 by the chief minister Nitish Kumar. Its major objective is generation of employment in the state of Bihar. It will be based on technology and service-based innovation. The government has started fast-tracking efforts for expansion of industries and subsequently creation of maximum employment opportunities in the state. The state government is aiming to establish Bihar as a ‘Global Backend Hub’ as well as ‘Global Workplace’ with this New Age Economy initiative in the next five years.