Trade Analytics

About Jharkhand: Information on Mining Industries, Economy, Agriculture & Geography

Latest update: November, 2016

Economic Snapshot: GSDP of Jharkhand

Jharkhand's gross state domestic product (GSDP) was US$ 36.21 billion over 2014-15.

Economic Snapshot: GSDP of Jharkhand

Economic Snapshot: NSDP of Jharkhand

Jharkhand's net state domestic product (NSDP) was US$ 31.30 billion over 2014-15.

Break up of outstanding investments in Jharkhand

Factfile

  • Capital:Ranchi
  • Geographical Area (sq km):79,714
  • State Language:Hindi, Santhali, Urdu, Bengali and English
  • Literacy Rate:66.4 per cent
  • Key Industries:Mining and mineral extraction, engineering, iron and steel, chemicals, handloom, food and beverages, automotive and cement

Last Updated: November, 2016

JHARKHAND State Report | November, 2016

Jharkhand is located in the eastern part of India. The state shares its borders with West Bengal in the east, Uttar Pradesh and Chhattisgarh in the west, Bihar in the north and Odisha in the south.

Jharkhand is one of the richest mineral zones in the world and boasts of 40 per cent and 29 per cent of India's mineral and coal reserves respectively. Due to its large mineral reserves, mining and mineral extraction are the major industries in the state.

Jharkhand is rich in mineral resources such as coal (27.3 per cent of India’s reserves), iron ore (26 per cent of India’s reserves), copper ore (18.5 per cent of India’s reserves), uranium, mica, bauxite, granite, limestone, silver, graphite, magnetite and dolomite.Jharkhand is the only state in India to produce coking coal, uranium and pyrite. With 25.7 per cent of the total iron ore (hematite) reserves, Jharkhand ranks second among the states.

The state’s industries enjoy a unique location-specific advantage as it is close to the vast market of eastern India. It is closer to the ports of Kolkata, Haldia and Paradip which helps in transportation of minerals.

The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 93 million during the period April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP).

Jharkhand offers a wide range of fiscal and policy incentives to industries, under the Industrial Policy, 2012. The state also has policies for IT and special economic zones (SEZs) offering sector-specific incentives, as well as the Jharkhand Energy Policy 2012 which aims to supply reliable and quality power in an efficient manner at a reasonable price. Jharkhand stands 3rd among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.

About 80 per cent of the rural population of the state depends on agriculture. Rice is the major food crop of the state, covering 80 per cent of the cropped area.

Recent Developments:

  • The Ministry of Power has electrified 56 villages in Jharkhand as a part of Government of India's objective to electrify 18,500 un-electrified villages by May 2018.
  • Energy department of Jharkhand plans set up rooftop solar power plants on 100 government office buildings.
  • Jharkhand has received an approval from the central government for US$ 210 million assistance from the World Bank for urban infrastructure projects.
  • Jharkhand Industrial And Investment Promotion Policy 2016 has been drafted in order to foster manufacturing and innovation, create employment opportunities and state-of-the-art infrastructure and enhance inclusivity through various sectors of the state.

Key Sectors:

  • The natural resources, policy incentives and location-specific advantages of Jharkhand support investments in sectors such as mining and metal extraction, engineering, iron and steel, and chemicals.
  • As Jharkhand has around 40.0 per cent of the country’s mineral wealth, its extensive mineral resources make mining, metals and related sectors especially lucrative for investments.
  • Forests account for 29 per cent of the land area in Jharkhand with thriving bio-diversity, fertile land and moderate climate.
  • The major growth drivers of the engineering industry in Jharkhand are availability of raw material (iron and steel, aluminium, copper and other metals and non-metals), power, water and industrial labour.
  • During 2015-16, Jharkhand had around 634.41million tonnes of limestone reserves. With the reserves of cement grade limestone, this region is well suited for creating additional capacities, both in large and mini cement plants.

Factfile

  • Capital:Ranchi
  • Geographical Area (sq km):79,714
  • State Language:Hindi, Santhali, Urdu, Bengali and English
  • Literacy Rate:66.4 per cent
  • Key Industries:Mining and mineral extraction, engineering, iron and steel, chemicals, handloom, food and beverages, automotive and cement
Jharkhand Map

Jharkhand