Economy

The graph of the fiscal health of the state runs high with large power surplus and attractive power intensive industries. The state is poised to become the power hub of the nation, and currently supplies power to Delhi, Gujarat and Karnataka. It ranks high in terms of good industrial productivity and labour productivity

The southern side of the state is where iron ore can be found which is extracted and supplied to meet the growing demand of other states. The state is famous for its rice mills, cement and steel plants. Durg, Raipur, Korba and Bilaspur are the industrial cities. The Bhilai Steel plant of the state is the biggest one of the country.

Korba is the power capital of India . NTPC’s Super Thermal Power Plant in Korba is working at a 90% Plant Load Factor (PLF). There are huge coal reserves in the vicinity that offer cheap power generation opportunities and there is enough water from the state’s largest reservoir of Hasdeo Bango. Chhattisgarh is among the three states where India’s 84% coal is found.

A new world class capital city is to come up near Raipur airport, which is well connected with Mumbai, Kolkata, Delhi and Chennai. Bilaspur’s railway division is the most profitable division in the country.

The state has undiscovered potential, which is being eyed by many companies. The gross domestic product of the state is risen to 9.41% and its per capita income stands at Rs.25,321 in 2007-08, up 12.43% over the previous year.

The primary sector, which includes agriculture, forestry and mining, has grown 6.3%, with agriculture registering a growth of 4.29%. Similarly, for the secondary sector, which includes industry and manufacturing, there has been a sharp increase, which is 14.7% as compared to the target of 7.5%. The services sector recorded a growth of 7.78 percent against a target of 7.5 percent.

The major occupation of the people of the state is agriculture. Rice is the primary source of living and therefore the state is also popular as the Rice Bowl of India. Chhattisgarh produces over 70% of the total paddy production alongwith Madhya Pradesh. Apart from paddy, cereals like maize, kodo-kutki and other small millets, pulses like tur and kulthi and oilseeds like groundnuts, soyabean, niger and sunflower are also grown here.