The Economy of the Jharsuguda District is solely an industrial economy. Due to concentration of economically important minerals, especially coal, many small and large scale industries have found a conducive environment for their growth and development. To prop up the economic development the District Industries Center (DIC), Jharsuguda has started functioning independently for Jharsuguda Revenue District from January 2000.
The small scale industries set up at the basic level provide support to the hitherto shattered economy of the Jharsuguda District. The small scale industries provide employment to a large number of inhabitants, which serve the domestic economy of the District.
The economic genesis in Jharsuguda district has brought about by the growth of the large–scale industries centering the Mahanadi coalfields. Since its invention the Mahanadi coal belt has been serving the domestic industries by providing raw materials and at the same time involve a vast chunk of native workforce.
The Jharsuguda District has a unit of Ultratech Cement of the Aditya Birla Group at Dhutra, which is India’s largest cement manufacturing company. Small scale and medium-scale steel units are being set up in the District including Vedanta Alumina, Bhusahan Power and Steel Limited, SMC Power Generation Ltd.
The District of Jharsuguda is considered as one of the developed urbanized economy in Odisha.