Jharkhand Economy

Jharkhand Economy

Jharkhand Mineral State of India which is suffering from Resource curse.
Jharkhand is a very mineral rich state. It produces many minerals.
Jharkhand has several towns and innumerable villages with civic amenities. Urbanization ratio is 24.1% and the per capita annual income is US$726.8. Jharkhand also has immense mineral resources: minerals ranging from (ranking in the country within bracket) from iron ore (1st), coal(3rd), copper ore (1st), mica (1st), bauxite (3rd) Manganese, limestone, china clay, fire clay, graphite (8th), kainite (1st), chromite (2nd), asbestos(1st), thorium (3rd) sillimanite, uranium (Jaduguda mines, Narwa Pahar) (1st) and even gold (Rakha Mines) (6th) and silver and several other minerals. Large deposits of coal and iron ore support concentration of industry, in centres like Jamshedpur, Dhanbad, Bokaro and Ranchi. Tata Steel, a  S and P CNX 500 conglomerate has its corporate office and main plant in Tatanagar, Jharkhand. It reported a gross income of ₹. 204,910 million for 2005. NTPC will start coal production from its captive mine in state in 2011–12, for which the company will be investing about Rs 1,800 crore.Agriculture is another sector in economy of Jharkhand which helps economy to grow. In Jharkhand, farmers produce several crops such as rice, wheat, maize, pulses, potatoes, and vegetables such as tomato, carrots, cabbage, brinjal, pumpkin, and papaya. The other Industry are cottage industry and IT industry.Jharkhand Economy. Jharkhand Economy growth has been slow in comparison with the national average. The Economy of Jharkhand depends on mineral resources, industries, agricultural, and tourism sectors. The state's gross domestic product amounted to US$ 14 billion in 2004.
Jharkhand Economy - Image 1Author: Rodger Bloor (Gurunithyan Rahul)

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