The state was formed with 18 districts, which were formerly part of Bihar. Some of these districts were reorganized to form 4 new districts, namely, Latehar, Saraikela Kharsawan, Jamtara and Sahebgunj. Presently, the state has 22 districts Districts of Jharkhand:
Ranchi, Lohardaga, Gumla district, Simdega, Palamu, Latehar, Garhwa, West Singhbhum, Seraikela Kharsawan, East Singhbhum, Dumka,
Jamtara, Sahebganj, Pakur, Godda, Hazaribagh, Chatra, Koderma, Giridih, Dhanbad, Bokaro, Deoghar
Jharkhand's gross state domestic product for 2006 is estimated at $20 billion at current prices. Born out of partition from old Bihar state in 2000, Jharkhand produces about 45% of the output of the old Bihar state.
Jharkhand is known as a rich state of talented people but it is now also being recognized as a rich state of bussiness people. It has a concentration of some of the country’s highly industrialized cities such as Jamshedpur, Ranchi ,Bokaro and Dhanbad. It also has several firsts in India, including:
First Iron & steel factory at Jamshedpur
Largest Steel plant in Asia , Bokaro steel plant.
Largest fertilizer factory of its time in India (since shut down) at Sindri
Biggest explosives factory at Gomia
First methane gas well
On the other hand, it has several towns and innumerable villages with sub-standard civic amenities. Urbanization ratio is only 22.25% and the per capita annual income is only US$ 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.