Chhattisgarh earned record revenue of Rs. 12,941 crore (US$ 1.57 billion) from minerals for the year 2022-23 and accounted for more than 17% of total mineral production in India.
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 was estimated to reach Rs. 5.61 trillion (US$ 67.27 billion) in 2024-25.
The state’s GSDP (in Rs.) increased at a compound annual growth rate (CAGR) of 10.67% from 2015-16 to 2024-25.
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 2024, Chhattisgarh had a total installed power generation capacity of 14,161.12 MW, comprising 9,227 MW under private utilities, 1,971.05 MW under state utilities, and 2,9162 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 produces 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$ 53.88 million from October 2019-March 2024.
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.
In 2022, 35 IEMs were filed in Chhattisgarh with a proposed investment of Rs. 7,443 crore (US$ 899.44 million). In 2021, 98 IEMs were 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 stood at US$ 1.28 billion in FY20, US$ 2.32 billion in FY21, US$ 3.388 billion in FY22,US$ 2.67 billion in FY23 and US$ 2.02 billion in FY24.
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 reform implementation, according to a study by the World Bank and KPMG.