Jharkhand’s per capita income has exceeded Rs 1 lakh for the first time, as per the Economic Survey 2025-26 presented in the Assembly. The state’s economy has shown consistent growth over the last decade, accompanied by a significant reduction in poverty. Per capita income has risen from around Rs 60,000 in 2016-17 to Rs 1,16,663 in 2024-25, with projections to increase further in the coming years.
Real per capita income has seen a substantial increase, reaching Rs 68,357, indicating a 65.7% rise from 2011-12 levels. This signifies an improvement in citizens’ purchasing power. Jharkhand’s Gross State Domestic Product (GSDP) has nearly doubled at constant prices, reaching Rs 3,03,178 crore in 2024-25 from Rs 1,50,918 crore in 2011-12.
In 2024-25, Jharkhand recorded a real economic growth rate of 7.02%, surpassing the national average of 6.5%. Despite a 5.30% economic contraction during the Covid pandemic in 2020-21, the state has shown a robust post-pandemic recovery with a real compound annual growth rate of 8.4% from 2020-21 to 2024-25.
The state’s economic outlook remains positive, with projected GSDP growth in the coming years. Inflation has moderated, with an estimated decline from 6% to around 4% in 2024-25. The services sector has become the largest contributor to the state’s economy, while poverty rates have significantly decreased.
