During the time of British, the city was used to be the summer capital of Bihar. This is because of its climate during winter season. Ranchi is also one of the oldest cities in Jharkhand. Jagannath Temple and Ratu Palace are the sights which are also witness for the history of Ranchi.
Now Ranchi is developing its economy. And for this its parks, special economic zones and industrial areas are being developed. Recently new sectors and modern areas are developed for the city's development. Ranchi is also called 'City of Waterfalls'.