Jharkhand Business and Economy

Jharkhand business and economy centers round the various industries housed in the territory. Business and economy in Jharkhand seems to be a vital component of the administrative set up of Jharkhand; it is this aspect of the Government of Jharkhand that is helping the Government to meet up to the challenges of this industrial world.

Talking about the business and economy of Jharkhand, it can be said that Jharkhand houses two major steel plants in India. The steel plants at Bokaro and the Tata Iron and Steel Company are the two major plants housed within the territory of Jharkhand. These steel plants largely contribute towards the economy of not only Jharkhand, but India.

Among the other important steel plants that form an integral part of the business and economy at Jharkhand are:

Indian Tube Company
Sriram Bearing
Tata Engineering and Locomotive Company
Usha Martin, etc.

Besides, the topography of Jharkhand is rich in minerals. The abundance in minerals also enhances the prospects of the industries in Jharkhand. Some of the important minerals found in Jharkhand are:

Chromite
Mica
Iron
Copper
Limestone
Asbestos
Uranium
Sillimanite
Gold
Manganese
Silver
Bauxite
Coal, etc.

It is noteworthy that although being an industrial belt, Jharkhand also provides enough scope for cultivation of crops, such as wheat, paddy, pulses, maize, etc. within the territory. Most of the tribal community in Jharkhand earns their livelihood through agriculture. It is interesting to note in this context that Jharkhand is a rich territory that houses poor subjects: the socio-economic condition of the people of Jharkhand is pitiable.

Therefore, it can be concluded that the business and economy is a mixed bag: agriculture and industries flourish side by side within the territory of Jharkhand.

For more information on Jharkhand business and economy, follow the links provided: