Jharkhand is located in the eastern part of India. The state shares its borders with West Bengal in the east, Uttar Pradesh & Chhattisgarh in the west, Bihar in the north & Odisha in the south. The state’s industries enjoy a unique location-specific advantage as it is close to the vast market of eastern India. It is closer to the ports of Kolkata, Haldia and Paradip and has easy access to raw materials. Jharkhand is one of the richest mineral zones in the world and boasts of 40 percent and 29 percent of India's mineral and coal reserves respectively.

The GSDP increased at a Compound Annual Growth Rate (CAGR) of 9.59 per cent between 2011-12 and 2018-19, reaching Rs 2.787 trillion (US$ 41.01 billion) whereas the Net State Domestic Product of Jharkhand state grew at a CAGR of 9.75 per cent.

Total exports from the state stood at US$ 1,640.33 million during 2018-19. During 2019-20 (till September 2019), exports from the state stood at US$ 619.02 million. The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 113 million during the period April 2000 to June 2019, according to data released by Department of Industrial Policy and Promotion (DIPP).