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    Jharkhand: Economic Snapshot

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    Vinit Kumar

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    Jharkhand: Economic Snapshot

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    Jharkhand: Economic Snapshot

    Uploaded by

    Vinit Kumar

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    © All Rights Reserved
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    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%

    Copyright © 2022 IBEF. All rights reserved. www.ibef.org

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