Economist and 15th Finance Commission chairman N K Singh has a bucket list of recommendations for the newly-elected Bihar government. Establishing an investment commission, an empowered ministerial group to draw private investment and setting up monitorable targets to attract private capital are the slew measures that Singh feels could be used by Nitish Kumar for his latest tenure as chief minister.

Singh is optimistic that the state’s per capita income is likely to grow close to about 10-11 percent and if it continues at the same pace for a decade, Bihar will double its per capita income in less than ten years. In a conversation with Moneycontrol's Shweta Punj, Singh details Bihar's economic trajectory and the challenges it ought to address to continue its growth. Edited excerpts:

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