The Economy of Chhattisgarh is too well other to many states.
Chhattisgarh is one of the mineral abundant states in India.
There are large deposits of limestone, iron ore, copper, phosphates, manganese, bauxite, coal, asbestos, and mica.
Chhattisgarh has dolomite reserves of approximately 525 million tonnes, accounting for 24% of the total reserves.
Bauxite reserves are 73 million tonnes and tin reserves are over 2.7 billion tonnes.
Chhattisgarh itself has coal reserves of 2.69 billion tonnes.
Gold reserves are approximately 38,05,000 kg.
Here is India’s finest iron ore, with reserves of 197 million tonnes.
Iron is in Bailadil, Bastar, Durg and Jagdalpur.
Bhilai is home to one of the largest steel mills in India.
The state has more than 75 large and medium-sized metallurgical industries producing cast iron, cast iron, sponge iron, rails, cast iron ingots, and strips.
Chhattisgarh will generate an annual income of over Rs 600 crore from minerals.
Devbhog in the Raipur district has diamond deposits.
Diamond exploration has started here.
So, the state is to generate an additional income of Rs 2,000 crores per year after mining begins in about two years.
Chhattisgarh produces more energy than it needs.
Coal-rich Korbet has three thermal power plants and more are planned. South Eastern Coalfields Limited is exploring an area rich in coal reserves.
Chhattisgarh accounts for 70% of all tendon leaf production in India.
At current prices, Gross Domestic Product (GSDP) Rs. 4.38 trillion in 2022-23.
Chhattisgarh GSDP increased an average of 9.98% between 2015 to 2022.
The industrial zone helps the Economy of Chhattisgarh
Chhattisgarh’s economic environment is modern, with a developing industrial sector and several industrial cities.
Bhilai, Bilaspur, Raipur, Raigarh, and Durg are the major cities of the state.
Urban expansion took place on the east and west sides of the Bhilai railway line.
Korba, Rajnandgaon, and Raigad are other urban centers under development.
Some areas are irrigated directly by canals.
The rural base of the region is weak and the hinterland is still largely rural and underdeveloped. The inner city had little impact on the local tribal economy.
Industries in Chhattisgarh State Economy
Chhattisgarh has not yet been able to take full advantage of its resources.
Industrialization is taking place, but its pace is slow.
Large and medium-scale industry centers are growing up.
Raipur and Bhilainagar have been established as industrial areas as part of planned development.
Other modern industries such as the manufacture of microelectronics equipment and high-tech optical fibers have also been established.
However, the cement industry occupies second place in the state after iron and steel.
Due to the abundance of limestone in the state, the cement industry developed substantially.
The first cement factory in the state was established by ACC (Associated Cement Company) in 1964 AD at a place called Jamul in Durg.
Private industries include cement factories, paper, sugar, and textile (cotton, woolen, silk, and jute) mills as well as flour, oil, and sawmills.
There are some units manufacturing chemical fertilizers, synthetic fibers, and chemicals along with general engineering goods.
The small-scale industrial units of the state are yet to make an impact on the national scene.
But the handloom industry is flourishing here and there are some units of saree weaving, rugs, and utensils making and gold chemical production.
Which are the major industries of Chhattisgarh?
Mineral-based industries: Iron steel, cement, aluminum, etc. are the main ones in mineral-based industries.
Iron and steel are major industries of Chhattisgarh.
Chhattisgarh has yet to fully utilize its resources. Industrialization is progressing but at a slow pace.
There are large and medium-sized industrial centers.
Raipur and Bhilangar have been established as industrial areas as part of planned development.
Other modern industries were also created, such as microelectronic equipment and advanced fiber optic production.
Private enterprises include cement mills, paper, sugar, and textile (cotton, wool, silk, and jute) mills and flour mills, oil mills, and sawmills.
So, enterprises that produce general engineering products, as well as chemical fertilizers, synthetic fibers, and chemicals.
The country’s small industrial enterprises have not yet made an impact on the national scene.
However, hand weaving is thriving here, and there are enterprises that weave saris, make carpets and dishes, and produce gold chemistries.
Agriculture helps the Economy of Chhattisgarh
Rice and cereals are grown in Chhattisgarh.
Rice is abundant in the lowlands, and maize and millet are in the highlands.
Cotton and oilseeds are important cash crops in the region.
The basin is slowly adopting modern agricultural practices.
It is a very fertile region in terms of agriculture.
It is called the nation’s ‘rice bowl’ and supplies grain to about 600 rice mills.
Although the distribution is uneven due to differences in topography, rainfall, and soil.
it accounts for less than half of the total area of arable land.
Agriculture here is by low productivity and the use of traditional farming methods.
Almost 80% of the state’s employment is dependent on agriculture.
“the rice bowl of Central India” and its reliance on agriculture is in the rapid growth of the food industry.
Basmati rice is the state’s most exported commodity.
According to past research, the state achieved exports of $257.67 million in the fiscal year 2020 and $474.82 million in the fiscal year 2021.
The state’s total horticultural production is 9671.25 thousand metric tons in 2021-2022.
Between 2011-2012 and 2019-2020, the GVA of the state’s primary sector increased by an average of 9.28 % .
Cattle and livestock are important, and livestock includes cattle, buffaloes, goats, sheep, and pigs.
The Center for Artificial Breeding and Breeding of Goats and Cattle is in Bilaspur.
It is in increasing the number and standard of these animals.
Chhattisgarh is well connected with the rest of the country by road, rail, and air.
There are airports in Raipur and Bilaspur. Routes 6 and 200 pass through it.
Some major railway lines run through the state and Bilaspur, Durg, Raipur, Manendragarh, and Champa are important railway junctions.
Chhattisgarh is one of the country’s leading producers of Tusar and Khosa silk.
The state potential to become a powerhouse in India’s garment industry.
The state’s raw silk production reached 349 metric tons in 2018-2019, 480 metric tons in 2019-2020, and 224 metric tons in FY22.