Approximately 50 villages are dependent on markets located in Khairachatar for basic needs. It witnesses a tremendous congregation of people from surrounding villages on Wednesdays and Saturdays who attend in order to sell and purchase goods. Agriculture is by far the most important medium of earning in the surrounding villages, although a large part of the population of Khairachatar derives its income from small businesses. Another major source of income is money sent by a large number of immigrants working in distant cities. Khariachatar is witnessing small industrial growth as well. A few steel workshops, flour mills, and dairy farms have been set up.
Transportation
Roads are the only medium one can use to reach Khairachatar. It is not connected to rail lines; the nearest rail station is the Bokaro/Pundag rail station. The closest commercial airport to Khairachatar is in Ranchi. Many buses, mini buses, and cars travel daily to all major nearby places.
In 2011, the India census determined that Khairachatar had a population of 2363 of which 1239 are males while 1124 are females. The population of children with age 0-6 is 296, which makes up 12.53% of the total population of the village. The average Sex Ratio of Khaira Chatar village is 907 which is lower than the Jharkhand state average of 948. The Child Sex Ratio for the Khairachatar as per census is 783, lower than the Jharkhand average of 948. The village has a higher literacy rate compared to Jharkhand. In 2011, the literacy rate of Khairachatar was 79.00% compared to 66.41% of Jharkhand. In Khairachatar Male literacy stands at 89.00% while female literacy rate was 68.21%. Khairachatar has a government facilitated hospital. Khairachatar boasts its high educational standards in the science, art, and commerce streams of education. Khairachatar has been a major beneficiary of The Mahatma Gandhi National Rural Employment Guarantee Act although a large part of the population is still dependent on agriculture. It is home to a harmonious blend of different castes, namely Jaiswal, Rajputs, Bengali, Nai, Kurmi, kapardar, Nayak, Ghasi, Dom etc. It is known for its many festival celebrations throughout the year. Durga Puja is particularly popular.
