Jharkhand is the only state in India to produce coking coal, uranium, and pyrite. The state is also a leading producer of coal, mica, kyanite and copper.
Jharkhand is in the eastern part of India. 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. At current prices, Jharkhand’s gross state domestic product (GSDP) was estimated to stand at ~Rs. 5.56 trillion (US$ 64.61 billion) in FY26. The GSDP increased at a CAGR of 10.41% between FY16 and FY26.
Jharkhand is rich in mineral resources such as coal (27.3% of India’s reserves), iron ore (26% of India’s reserves), copper ore (18.5% of India’s reserves), uranium, mica, bauxite, granite, limestone, silver, graphite, magnetite, and dolomite. Since Jharkhand has around 40% of the country's mineral wealth, its extensive mineral resources make mining, metals, and related sectors especially lucrative for investments. Jharkhand is the only state in India to produce coking coal, uranium, and pyrite. The state is also a leading producer of coal, mica, kyanite and copper. Jharkhand is the largest producer of tussar silk (non-mulberry silk) in India. Mineral production in the state stood at 138.15 million tonnes in FY23.
The state’s coal reserves are estimated at around 33 billion tonnes. Jharkhand accounts for 20-25% of the total steel produced in the country. In FY22, Jharkhand produced 72 thousand tonnes of limestone which was valued at Rs. 35,005 (US$ 0.42 million).
The state is the largest producer of tussar silk (non-mulberry silk) in the country with a 76.4% share in the total output. The state's raw silk production stood at 2,402 MT in FY20, 2184 MT in FY21 and 1,046 in FY22.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative foreign direct investment (FDI) inflows in Jharkhand stood Rs. 22,903 crore (US$ 2.66 billion) between October 2019-Dec 2024.
As of March 2023, the number of IEMs filed were 3 and the value of proposed investments stood at Rs. 424 crore (US$ 51.6 million).
Total exports from the state stood at Rs. 15,498 crore (US$ 1.8 billion) in FY25 (Until Feb).
Major items exported from Jharkhand are Engineering Goods, Mica, Coal and Other Ores, Minerals Including Process, and Iron Ore.
As of FY25 (Until March), Jharkhand had a total installed power generation capacity of 3008.35 MW, comprising 800.01 MW under private utilities, 554.05 MW (state utilities), and 1654.29 MW (central utilities).
Under the State Budget FY26, Rs. 5,005 crore (US$ 581.3 million) has been allocated as power subsidy for consumers.
According to the Telecom Regulatory Authority of India (TRAI), Bihar including Jharkhand had 94.86 million wireless and 1.37 million wireline subscribers, as of Dec 2024.
As of Dec 2024, teledensity in the state stood at 56.44%.
The following are some of the major initiatives taken by the Government to promote Jharkhand as an investment destination: