Economy
Jharkhand's gross state domestic product for 2004 is estimated at $14 billion at current prices. Born out of partition from old Bihar state in 2000, Jharkhand produces about 70% of the output of the old Bihar state. Since it is rich in minerals, the state per capita income is likely to increase in the coming years.
Jharkhand has a concentration of some of the country’s highly industrialised cities such as Jamshedpur, Ranchi, Bokaro Steel City, Dhanbad and Ramgarh. It also has several firsts in India, including:
- Largest fertiliser factory of its time in India (since shut down) at Sindri, Dhanbad
- First Iron & steel factory at Jamshedpur
- Largest Steel plant in Asia, Bokaro steel plant, Bokaro.
- Biggest explosives factory at Gomia, Bokaro.
- Tata Steel has established country’s first coal washery at Ghato, Ramgarh in the year 1951.
- First methane gas well at Parbatpur, Bokaro.
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