Jharkhand

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) is estimated to stand at Rs. 6.24 trillion (US$ 66.92 billion) in FY27. The GSDP increased at a CAGR of 10.57% between FY16 and FY27.

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. 19,476.06 crore (US$ 2.67 billion) between October 2019- March 2026.

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. 20,847 crore (US$ 2.37 billion) in FY26.

Major export items include Engineering Goods, Mica, Coal and Other Ores, Minerals Including Process, Ready-made Garments of All Textiles, and Rice. Engineering Goods accounted for the largest share of the state's exports at 37.51%.

As of FY26, Jharkhand had a total installed power generation capacity of 3,877.85 MW, comprising 855.54 MW under private utilities, 550.05 MW under state utilities, and 2,472.26 MW under central utilities. The state's installed capacity included 3,421.28 MW of thermal power, 176.98 MW of hydro power, and 279.59 MW of other renewable energy sources (RES).

According to the Telecom Regulatory Authority of India (TRAI), Jharkhand had 26.04 million wireless and 0.58 million wireline subscribers, as of December 2025.

As of December 2025, tele-density in the state stood at 65.13%.

The following are some of the major initiatives taken by the Government to promote Jharkhand as an investment destination:

• On March 2, 2026, Tata Steel Chairman Mr. Natarajan Chandrasekaran announced an investment of Rs. 11,000 crore (US$ 1.19 billion) in Jharkhand to advance green steel technology. The investment is expected to strengthen the state's industrial ecosystem, promote sustainable manufacturing, and generate employment opportunities.
• On February 22, 2026, Adani Group Chairman Mr. Gautam Adani reviewed Adani Group’s projects in Jharkhand and Bihar worth over Rs. 40,000 crore (US$ 4.38 billion). In Jharkhand, he assessed the Rs. 16,000 crore (US$ 1.75 billion), 1,600 MW Godda thermal power plant, which has generated employment, strengthened rail connectivity, and enhanced the state's industrial infrastructure
• On February 4, 2026, Jharkhand Chief Minister Mr. Hemant Soren announced that the state has secured investment commitments worth Rs. 1.27 lakh crore (US$ 13.72 billion), aimed at accelerating industrial growth, infrastructure development, job creation, and overall economic advancement, positioning Jharkhand for a major development leap.
• In State Budget FY27, Jharkhand has estimated Rs. 14,656 crore (US$ 1.56 billion) revenue from cess on mineral-bearing land, up from Rs. 13,442 crore (US$ 1.44 billion) in FY26 RE.
• In State Budget FY27, the Jharkhand Budget Stabilisation Fund is proposed to receive Rs. 1,209 crore (US$ 129.07 million) to safeguard state finances against future fluctuations in mining revenue.
• In State Budget FY27, Rs. 6,468 crore (690.5 million) has been allocated to Agriculture and Allied Activities, including Rs. 1,115 crore (119.0 million) for capital outlay and Rs. 246 crore (26.3 million) for the State Horticulture Development Scheme.
• In State Budget FY27, Rs. 19,320 crore (US$ 2.06 billion) has been allocated to Education, Sports, Arts and Culture, including Rs. 2,093 crore (223.4 million) for Sarva Siksha Abhiyan.
• In State Budget FY27, Rs. 7,379 crore (787.8 million) has been allocated to the Energy sector, including Rs. 5,405 crore (577.1 million) towards power tariff subsidies for consumers.
• In State Budget FY27, revenue surplus is estimated at Rs. 15,358 crore (US$ 1.64 billion) (2.5% of GSDP), while fiscal deficit is targeted at Rs. 13,596 crore (US$ 1.45 billion) (2.2% of GSDP).
• In October 2025, the Centre approved four new medical colleges in Jharkhand under the Public-Private Partnership (PPP) model at Khunti, Jamtara, Dhanbad, and Giridih.
• In September 2025, Jharkhand approved 1,117 new rural health sub-centres worth Rs. 6,199.35 crore (US$ 720.10 million) to improve primary healthcare access.
• In September 2025, Bharat Sanchar Nigam Limited (BSNL) announced an investment of Rs. 1,573 crore (US$ 182.72 million) to strengthen 4G infrastructure in Jharkhand, covering around 2,750 remote villages.
• In September 2025, the Union Cabinet approved the doubling of the Bhagalpur-Dumka-Rampurhat rail track (spanning about 177 km across Bihar, Jharkhand and West Bengal) with an investment of Rs. 3,169 crore (US$ 368.10 million).
• In May 2025, Jharkhand has received Rs. 3,059 crore (US$ 355.33 million) in investment proposals following the Chief Minister’s Europe visit, including a major plan for a convention centre in Ranchi.
• In April 2025, Coal India Limited and Damodar Valley Corporation have signed a Memorandum of Understanding (MoU) to develop a 2×800 MW ultra-supercritical coal-fired power plant in Jharkhand, with a total investment of Rs. 16,500 crore (US$ 1.92 billion).
• On February 6, 2025, Jharkhand secured Rs. 26,000 crore (US$ 3.02 billion) in investment proposals at the Bengal Global Business Summit, with half directed towards the steel sector and the rest spread across renewable energy, food processing, textiles, and logistics.
• On January 27, 2025, JSW Group announced a Rs. 2,600 crore (US$ 302.01 million) investment to develop two copper mines and a concentrator plant in Jharkhand under an Mine Operator & Developer (MDO) contract with Hindustan Copper Limited.
• The Centre plans to invest Rs. 2,00,000 crore (US$ 23.23 billion) in national highway and related infrastructure projects in Jharkhand, including corridors such as Varanasi-Ranchi-Kolkata and Ranchi-Varanasi.
• In September 2024, the central government announced a budget of over Rs. 7,000 crore (US$ 839.33 million) for the development of rail infrastructure in Jharkhand.
• In four years (2018-19 and 2021-22), Jharkhand attracted new investment proposals of over Rs. 1.10 lakh crore (US$ 13 billion) completed projects of Rs. 52,893 crore (US$ 6.45 billion) and revived pending proposals worth Rs. 287.45 crore (US$ 35.1 million), according to the study jointly conducted by the MSME Export Promotion Council and the Confederation of Organic Food Producers & Marketing Agencies (COII).
• Union Minister of Roads Transport and Highways, Mr. Nitin Gadkari, in March 2023, promised to bolster infrastructure in Jharkhand and asserted that Rs. 2 lakh crore (US$ 24 billion) highway network will be rolled out in the state by 2024.
• Prime Minister Mr. Narendra Modi inaugurated the Deoghar airport in July 2022, which has been constructed at an estimated cost of Rs. 400 crore (US$ 48.8 million). The Terminal Building of the airport is equipped to handle over five lakh passengers annually.
• The Jharkhand government unveiled an ambitious new solar policy (Jharkhand Solar Policy, 2022) which is aimed at increasing clean energy capacity up to 4,000 megawatts in the next five years.
• As per the State Budget 2024-25, the government allocated Rs. 6,017 crore (US$ 726.69 million) for the agriculture and allied activities sector.
• As per the State Budget 2024-25, Rs. 7,232 crore (US$ 873.43 million) has been allotted to the health & family welfare sector.
• A slew of road projects, measuring a collective length of 752 km and worth Rs. 13,299 crore (US$ 1.62 billion) were inaugurated, and their foundation stones were laid in March 2023 in Jharkhand.
• Under the State Budget 2024-25, Rs. 6389 crore (US$ 771.62 million) has been allocated towards roads and bridges projects in the state.

Jharkhand is a mineral-rich, fast-growing state in eastern India, anchored by strong fundamentals in mining, metals, power and engineering. With a GSDP of US$ 64.61 billion in FY26 and abundant reserves of coal, iron ore and other strategic minerals, the state is a critical supplier to India’s industrial and steel ecosystem. Proximity to eastern markets and major ports, rising infrastructure investment across roads, railways, power and healthcare, and steady inflows into steel, energy, mining and logistics are strengthening its investment profile. Supported by sector-specific industrial, energy and logistics policies, alongside expanding connectivity and social infrastructure, Jharkhand is emerging as a key hub for resource-led manufacturing and sustainable industrial growth.