Economy

Economy of Chhattisgarh

The economic growth of Chhattisgarh is at great pace. The per capita income is around 250 USD as of 2001. But it was ignorant when it was a part of Madhya Pradesh. Only small percentage of population lives in urban areas. Chhattisgarh's gross state domestic product for 2004 is estimated at 12 billion USD in current prices. After partition, this mineral-rich state produces 30% of the output of the old Madhya Pradesh state. The state has enormous potential to graduate into the league of advanced states provided it gets a far sighted political leadership and adequate planning especially in the area of higher studies as well as technical education.

The state's economy is further enhanced by the presence of the Bhilai Steel Plant, S.E.C.Railway Zone, BALCO Aluminium Plant (Korba), and NTPC Korba (National Thermal Power Corporation Ltd) and S.E.C.L. (South Eastern Coalfields Limited). The southern area Chattisgarh consists of iron ore available where NMDC is excavating to meet the iron demand in India and as well sending to countries like Japan. NMDC is located in Dantewara district. Recently ESSAR has started transporting iron ore through pipe lines to Vizag. The state is also launching an influential plan to become bio fuel self-sufficient by 2015 by planting crops of jatropha.