Resource information
Jharkhand, India's youngest and
28th state came into existence in November 2000 pursuant to
the reorganization of the erstwhile State of Bihar by the
Bihar State Reorganization Act, 2000. More than 77 percent
of the population of the state resides in rural areas and
depends on agriculture for sustenance. Jharkhand is one of
the richest states in the country in terms of mineral
resources. Close to half of the gross domestic product
(GSDP) of the state emanates from industry which includes
mining, quarrying and registered manufacturing. But the
high degree of industrialization has not resulted in a high
level of income for the state. While the structure of the
output indicates a high level of industrialization, the
structure of employment reveals the predominance of
agriculture. The purpose of this study is to make an
objective assessment of the Public Financial Management and
Accountability (PFMA) system of the state, identify its
strengths and weaknesses and areas that may be in need of
reforms and related capacity building. This study is a
prerequisite to determining the precise nature and extent of
any capacity building initiatives in Jharkhand. The study
provides the Government a diagnostic tool for establishing
priorities and to develop a baseline for monitoring future
PFM performance of the state.
