Last updated on Nov, 17 2020
CHHATTISGARH State Report | September, 2020
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. 3.62 trillion (US$ 51.83 billion) in 2020-21. GSDP (in Rs.) of the state at current prices grew at a CAGR of 9.97% between 2015-16 and 2020-21.
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 July 2020, Chhattisgarh had a total installed power generation capacity of 13,235.40 MW, comprising 8,208.30 MW under private utilities, 2,211.05 MW under state utilities and 2,816.05 MW under central utilities. Energy requirement in the state was 27,303 million units in 2019-20.
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 and March 2020. During 2019, 61 Industrial Entrepreneurs' Memorandum (IEMs) were filed in Chhattisgarh with a proposed investment of Rs. 5,132 crore (US$ 743.30 million).
The total merchandise exports from Chhattisgarh was US$ 1,278.9 million in FY20 and US$ 754 million in FY21.
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.