Economy of Odisha
The economy of Odisha is one of the fastest growing economies in India. According to 2014-15 economic survey, Odisha's gross state domestic product (GSDP) was expected to grow at 8.78%. Odisha has an agriculture-based economy which is in transition towards an industry and service-based economy.
Bhubaneswar, the capital city of Odisha. | |
| Statistics | |
|---|---|
| Population | 4,70,00,000 (2023) |
| GDP |
|
| GDP rank | 14th (2021-22) |
GDP growth | 7.8% (2022-23 ) |
GDP per capita | ₹150,676 (US$1,900) (2022-23) |
GDP per capita rank | 10th (2022-23) |
GDP by sector | Agriculture 27% Industry 32% Services 41% (2012-21) |
| 7.1% | |
Population below poverty line | 11.07% 18th in poverty (2022-23) |
| 0.31 (2009-10) | |
| Unemployment | 1.7% (Nov 2020) |
| Public finances | |
Government debt | 12.7% of GSDP (2022-23 RE) |
| ₹−17,878 crore (US$−2.2 billion) (3% of GSDP) (2020–21 est.) | |
| Revenues | ₹1.635 lakh crore (US$20 billion) (2022-23) |
| Expenses | ₹2 lakh crore (US$25 billion) (2022-23) |
All values, unless otherwise stated, are in US dollars. | |
According to recent estimates, the size of Odisha's economy has increased by 122.27 per cent during the last six years in terms of the gross state domestic product (GSDP). Thereby, Odisha achieved an annual average growth rate of 6.23 per cent during that period. Odisha is also one of the top FDI destinations in India. In the fiscal year 2011–12, Odisha received investment proposals worth ₹49,527 crore (US$9.296 billion). According to the Reserve Bank of India, It received ₹53,000 crore (US$8.33 billion) worth of new FDI commitments in the 2012-13 fiscal year.