Economy of Jharkhand

Jharkhand is a rich state of poor people. It has concentration of some of country’s highly industrialized cities like Jamshedpur, Bokaro and Dhanbad, and has several firsts in India, including:
First Iron and steel factory at Jamshedpur
Largest fertilizer factory of its time in India (since shut down) at Sindri
Biggest explosives factory at Gomia
First methane gas well
On the other hand, it has several towns and innumerable villages with sub-standard civic amenities. Urbanization ratio is only 22.25% and the per capita annual income is only USUSD 90!

Jharkhand also has immense mineral resources: minerals ranging from (ranking in the country within bracket) from iron ore (1st), coal (3rd), copper ore (1st), mica (1st), bauxite (3rd), Manganese, limestone, china clay, fire clay, graphite (8th), kainite (1st), chromite (2nd), asbestos (1st), thorium (3rd), yemenite (2nd), sillimanite, uranium (Jaduguda mines, Narwa Pahar) (1st) and even gold (Rakha mines) (6th) and silver and several other minerals. Large deposits of coal and iron ore support concentration of industry, in centers like Jamshedpur, Bokaro and Ranchi.