Chhattisgarh is the only state in India that produces tin concentrates. From April 2021-March 2022, the estimated tin concentrate production in the state stood at 12,177 kgs.
Chhattisgarh is in the central part of India. The state shares its border with Madhya Pradesh and Maharashtra in the west, Uttar Pradesh in the north, Odisha and Jharkhand in the east, and Andhra Pradesh in the south.
At current prices, Gross State Domestic Product (GSDP) of Chhattisgarh stood at Rs. 4.38 trillion (US$ 57.34 billion) in 2022-23. GSDP (in Rs.) of the state at current prices increased at a CAGR of 9.98% between 2015-16 and 2022-23.
Chhattisgarh is presently one of the few states that have surplus power. Korba district in Chhattisgarh is known as the power capital of India. It is also among the few profitable states in terms of utility-based electricity. As of August 2022, Chhattisgarh had a total installed power generation capacity of 13,439.52 MW, comprising 8,805.79 MW under private utilities, 1,971.05 MW under state utilities and 2,662.68 MW under central utilities.
Mineral resources are Chhattisgarh's biggest strength. It is a leading producer of minerals such as coal, iron ore and dolomite. Moreover, considerable reserves of bauxite, limestone and quartzite are available in the state. The state accounts for 35.4% of tin ore reserves of India. Chhattisgarh is the only state in India that produced tin concentrates.
Chhattisgarh has emerged as one of the most preferred investment destinations in India. The state (including Madhya Pradesh) attracted cumulative Foreign Direct Investment (FDI) worth US$ 1.43 billion between April 2000-March 2020. From October 2019-December 2021, FDI inflow in Chhattisgarh stood at US$ 1.01 million. In 2021, 98 IEMs have been filed in Chhattisgarh with a proposed investment of Rs. 31,564 crore (US$ 4.12 billion). In July 2022, 25 IEMs were filed in the state with a proposed investment of Rs. 5,317 crore (US$ 645.46 million).
Total merchandise exports from Chhattisgarh is estimated at US$ 1,278.69 million in FY20, US$ 2,320.29 million in FY21, US$ 3,388.69 million in FY22 and US$ 1,311.06 million in FY23 (until August 2022).
A wide range of fiscal and policy incentives for businesses were announced under its Industrial Policy, 2014-19. Additionally, the state has well-drafted policies for the IT/ITeS, solar energy, agro and food processing, minerals and biotechnology sectors. Chhattisgarh stands fourth among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
The larger objective of ranking states based on their performance in the implementation of Business Reform Action Plan is for attracting investments and increasing Ease of Doing Business in each State.