Chhattisgarh is the only state in India that produces tin concentrates and accounts for 35.4% of tin ore reserves of India. In FY22, the tin concentrate production in the state stood at 26,383 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, the total GSDP of Chhattisgarh is estimated to reach Rs. 4.57 trillion (US$ 55.34 billion) in 2022-23. The state’s GSDP (in Rs.) increased at a compound annual growth rate (CAGR) of 10.64% from 2015-16 to 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 May 2023, Chhattisgarh had a total installed power generation capacity of 13,804.02 MW, comprising 8,957.62 MW under private utilities, 1,971.05 MW under state utilities, and 2,875.25 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. According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflow to the state totalled US$ 3.38 million from October 2019-March 2023.
In the last four years, the state received investment proposals of more than Rs. 90,000 crore (US$ 10.94 billion) and a capital investment of Rs. 4,126 crore (US$ 501.8 million) for establishing new units.
Total merchandise exports from Chhattisgarh stood at US$ 1.27 billion in FY20, US$ 2.32 billion in FY21, US$ 3.38 million in FY22, and US$ 2.60 billion in FY23.
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.