September I 2022

JHARKHAND

ECONOMIC SNAPSHOT

GSDP of Jharkhand at Current GSVA Composition by Merchandise Export from

Prices Sector at Current Prices Jharkhand (US$ million)

44.89 43.96
3.63

% %
48.63

2,449
8.49%
45.56
3.21

29.59
3.17

27.48%
43.74

43.37

10.57%
3.06

1,168

664
27.64% 7.98% 26.44
2018-19

2019-20

2020-21

2021-22E

2019-20

2021-22

2022-23*
2015-16 2020-21

US$ billion Rs billion Primary Secondary Tertiary

Note: - ^-CAGR in Rs, P- Provisional, E- Estimate, AE- Advance Estimate, GSDP - Gross State Domestic Product, GSVA - Gross State Value Added, FDI- Foreign Direct Investment; *
* - until August 2022
Source: Directorate of Economics and Statistics of Jharkhand, Central Statistics Office, Directorate General of Commercial Intelligence and Statistics, Press Information Bureau
Release

ADVANTAGES

Jharkhand is one of the richest mineral zones in the world and has around 40% of
Extensive mineral reserves the India’s mineral wealth.
Largest producer of coal, mica and copper in India.

Jharkhand offers a wide range of fiscal and policy incentives to industries under the
Policy and fiscal incentives Industrial Policy 2016.
The state also has policies for IT and SEZs offering sector-specific incentives.

Investment opportunities in sectors such as mining and metals, power,

Investment potential infrastructure, manufacturing and food processing.
At current prices, Jharkhand’s total GSDP stood at Rs. 3,61,381 crore (US$ 49.48
billion) in 2021-22, a 5% increase over FY20.

Location-specific advantage as it is close to the vast market of eastern India.

Location advantage
Close to the ports of Kolkata, Haldia and Paradip with easy access to raw
materials.

KEY GOVERNMENT POLICIES AND OBJECTIVES

Jharkhand Food Processing
Jharkhand State Jharkhand Industrial
Industry Policy 2015
Solar Rooftop And Investment
Policy 2018 Promotion Policy 2016
Encourage development and promotion of Foster manufacturing and innovation, create Provide financial assistance for the upgradation of
environment benign solar energy generation employment opportunities and state-of-the-art technology at the existing food processing units as
contributing to sustainable development infrastructure and enhance inclusivity well as for setting up of new units
Jharkhand Tourism Policy Jharkhand State Solar Jharkhand Corporate Social
2015 Power Policy 2015 Responsibility Policy 2020

Make Jharkhand the most preferred tourist Identify, accelerate, incubate and invest in To create a conducive environment for attracting CSR
destination, both inside and outside India, and innovative early-stage startups investments and best management practices to
develop the tourism infrastructure. address developmental challenges within the state

GOVERNMENT VISION-2022 FOR THE STATE

Power Agriculture Healthcare Industry interface

Increasing generation To increase the Targeted campaigns Establishment of a single window
to 10,000 million units agricultural productivity to against common clearance system for investors in
and bring Aggregate 2,000 kilograms per epidemics. Government the state
Technical and hectare backed health insurance
Commercial (AT&C)
losses to fewer than
15%

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