Economy of Odisha

{{Short description|none}}

{{Use dmy dates|date=May 2018}}

{{Use Indian English|date=May 2018}}

{{Infobox economy

| country = Odisha

| population = 4,70,00,000 (2023){{cite web|url=https://www.censusindia.gov.in/2011census/PCA/PCA_Highlights/pca_highlights_file/India/Chapter-1.pdf|title=Population, Size and Decadal Change|work=Primary Census Abstract Data Highlights, Census of India|access-date=5 December 2020|url-status=live|archive-url=https://web.archive.org/web/20191019035341/https://www.censusindia.gov.in/2011census/PCA/PCA_Highlights/pca_highlights_file/India/Chapter-1.pdf|archive-date=2019-10-19|publisher=Registrar General and Census Commissioner of India}}

| image = Buildings along Nandan Kanan road, Bhubaneswar (January 2019) 1.jpg

| image_size = 300px

| caption = Bhubaneswar, the capital city of Odisha.

| currency =

| fixed exchange =

| year =

| organs =

| gdp = {{plainlist|

  • {{INRConvert|10.63|lc}} (2025–26 est.) {{cite web |title= FRBM statement Odisha Budget 2025-26 |url=https://finance.odisha.gov.in/sites/default/files/2025-02/FRBM%20Statement%202025-26.pdf |publisher=Finance Department, Govt.Of Odisha}}

}} {{IncreasePositive}}

| gdp rank = 15th (2025-26)

| growth = 12 % (2025-26 est.) (current prices)

| per capita = {{INRConvert|195096}} (2025-26 est.) {{cite web |title=Odisha Economic Survey 2024–25 |url=https://pc.odisha.gov.in/publication/economic-survey-report|website=Planning & Convergence Department,Govt.Of Odisha }} {{IncreasePositive}}

| per capita rank = 21st (2023–24)

| poverty = {{decreasepositive}}11.07% 18th in poverty (2022–23){{Cite web |date=1 January 2024 |title=MULTIDIMENSIONAL POVERTY IN INDIA SINCE 2005–06 |url=https://www.niti.gov.in/sites/default/files/2024-01/MPI-22_NITI-Aayog20254.pdf |website=Niti Aayog}}

| sectors = Agriculture & Mining

21%
Industry 43%
Services 36% (2023–24){{cite web |title=Odisha Economic Survey 2024–25 |url=https://finance.odisha.gov.in/sites/default/files/2024-07/03-OES%202023-24%20Main%20Booklet.pdf|website=Finance Department,Govt.Of Odisha }}

| components =

| inflation = {{increasenegative}} 7.1% {{cite news |url= https://economictimes.indiatimes.com/news/economy/indicators/odisha-had-the-highest-inflation-rate-among-states-and-union-territories-in-march/articleshow/109424449.cms |title=Odisha had highest inflation rates |work=The Economic Times|date=19 April 2024}}

| bankrate =

| gini = 0.31 (2009–10){{cite book|author=Vipin Sharma|title=State of India's Livelihoods Report 2012|url=https://books.google.com/books?id=3fZLl34WUdkC&pg=PA26|access-date=25 May 2015|date=24 January 2013|publisher=SAGE Publications|isbn=978-81-321-1095-8|page=26}}

| hdi =

| labor =

| occupations =

| unemployment = {{decreasePositive}} 1.7% (Nov 2020){{cite web|title=Unemployment Rate in India |url=https://unemploymentinindia.cmie.com/ |publisher=Centre for Monitoring Indian Economy |access-date=3 November 2020}}

| average gross salary =

| gross median =

| average net salary =

| net median =

| industries =

| edbr =

| exports =

| export-goods =

| export-partners =

| imports =

| import-goods =

| import-partners =

| FDI =

| current account =

| gross external debt =

| NIIP =

| balance = {{increasenegative }}{{INRConvert|34203|c}} (3.2% of GSDP) (2025-26 est.){{cite web |title=Odisha Budget Highlights 2025-26 |url=https://prsindia.org/budgets/states/odisha-budget-analysis-2025-26|publisher=PRS India}}

| debt = 12.7% of GSDP (2025-26 BE)

| revenue = {{increase}} {{INRConvert|2.32|lc|nolink=yes}} (2025-26 est.)

| expenses = {{increase}} {{INRConvert|2.66|lc|nolink=yes}} (2025-26 est.)

| aid =

| credit =

| spelling = Oxford

| presentUS$asdefault = yes or no; default value is "yes"; shows/hides statement about US$

}}

The economy of Odisha is one of the fastest growing economies in India.{{Cite web |last=Mohanty |first=Siba |date=Dec 2, 2016 |title=Odisha's economic transformation touchstone of India's growth: Arun Jaitley |url=https://www.newindianexpress.com/states/odisha/2016/Dec/02/odishas-economic-transformation-touchstone-of-indias-growth-arun-jaitley-1544667.html |access-date=February 22, 2024 |website=The New Indian Express}} According to 2023–24 economic survey, Odisha's gross state domestic product (GSDP) was expected to grow at 10.57%. Odisha's economy is in transition towards an industry and service-based economy from an agriculture-based economy.

According to recent estimates, the size of Odisha's economy has increased by 54.93% during the last five years in terms of the gross state domestic product (GSDP). Thereby, Odisha achieved an annual average growth rate of 5.3% 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 {{currency|49,527|INR}} crore ({{currency|9.296|USD}} billion).{{cite news|title=Odisha top FDI destination in FY12, Gujarat at No. 3: Assocham|url=http://profit.ndtv.com/news/market/article-odisha-top-fdi-destination-in-fy12-gujarat-at-no-3-assocham-309964|access-date=25 May 2015|work=NDTV|date=28 August 2012}} According to the Reserve Bank of India, It received {{currency|53,000|INR}} crore ({{currency|8.33|USD}} billion) worth of new FDI commitments in the 2012–13 fiscal year.{{cite news|title=RBI investment data overshoot Odisha figure four times|url=http://www.business-standard.com/article/economy-policy/rbi-investment-data-overshoot-odisha-figure-four-times-113091700631_1.html|access-date=25 May 2015|work=Business Standard|date=17 September 2013}}

Overview

In 2013–14, the GSDP growth rate dropped to 2.21%. This slowdown was attributed to the Phailin cyclone, which caused a negative growth of 9.78% in the agricultural sector and also affected several other sectors. According to the 2011 Census of India, Odisha has a working population of 17,541,589, among them 61% are main workers and rest are marginal workers. 33.9% of the total working female population are main workers. {{As of|June 2014}}, Odisha has 10,95,151 people registered in various employment exchanges of the state. Of them, 10,42,826 reported themselves educated.{{cite news|title=Over a million youth unemployed in Odisha|url=http://www.thehindu.com/todays-paper/tp-national/tp-otherstates/over-a-million-youth-unemployed-in-odisha/article6140452.ece|access-date=25 May 2015|work=The Hindu|date=23 June 2014}} Odisha had a rural unemployment rate of 8.7% and an urban unemployment rate 5.8% calculated based on the current daily status basis in the 68th National Sample Survey (2011–2012). The per capita income of the state was {{currency|98983|INR}} ({{currency|1531|USD}}) in 2013–14.{{cite web|title=State-wise Per Capita Income and Gross Domestic Product at current prices|url=http://pib.nic.in/archieve/others/2014/aug/d2014070801.pdf|publisher=Press Information Bureau|access-date=26 May 2015}} The state has a public debt of {{currency|38,666|INR}} crore ({{currency|6.34|USD|}} billion), which is {{currency|8909|INR}} per capita ({{currency|146|USD}}), at the end of 2013–14.{{cite news|title=Rs 38,666 Crore Debt Burden on Odisha|url=http://www.newindianexpress.com/states/odisha/Rs-38666-Crore-Debt-Burden-on-Odisha/2015/03/19/article2720527.ece|archive-url=https://web.archive.org/web/20150525163825/http://www.newindianexpress.com/states/odisha/Rs-38666-Crore-Debt-Burden-on-Odisha/2015/03/19/article2720527.ece|url-status=dead|archive-date=25 May 2015|access-date=25 May 2015|work=The New Indian Express|date=19 March 2015}}

According to ASSOCHAM, in the fiscal year 2011–12, Odisha received investment proposals worth {{currency|49,527|INR}} crore ({{currency|9.296|USD}} billion). According to the Reserve Bank of India, Odisha received new FDI proposals worth Rs 53,000 crore (US$8.333 billion) in the 2012–13 fiscal year. In 2012–13, {{currency|125|INR}} crore ({{currency|19.66|USD}} million) worth of foreign aid was received by NGOs in the state.{{cite news|title=Indian NGOs got foreign aid worth Rs 3,784 cr last year|url=http://www.rediff.com/business/report/rs-3784-crore-in-foreign-donations-went-to-ngos-in-2013-14/20141125.htm|access-date=25 May 2015|work=Rediff|date=26 November 2014}}

{{Pie chart

|caption = Contribution of each sector to the GSDP (in percent)

|color1=Green|color2=Red|color3=Blue|value1=21|value2=43|value3=36|label1=Agriculture|label2=Industry|label3=Service}}

{{Bar chart

| title = GSDP by year{{cite web|title=Gross State Domestic Product (GSDP) at Current Prices (as on 31-05-2014)|url=http://planningcommission.nic.in/data/datatable/0306/table%20168.pdf|publisher=Planning Commission of India|access-date=26 May 2015|archive-date=15 July 2014|archive-url=https://web.archive.org/web/20140715140421/http://planningcommission.nic.in/data/datatable/0306/table%20168.pdf|url-status=dead}}

| label_type = Year

| data_type = GSDP (in crore Indian rupees)

| data_max = 400,000

| label1 = 2001–02 | data1 = 46,756

| label2 = 2002–03 | data2 = 49,719

| label3 = 2003–04 | data3 = 61,008

| label4 = 2004–05 | data4 = 77,729

| label5 = 2005–06 | data5 = 85,096

| label6 = 2006–07 | data6 = 101,839

| label7 = 2007–08 | data7 = 129,274

| label8 = 2008–09 | data8 = 148,491

| label9 = 2009–10 | data9 = 162,946

| label10 = 2010–11 | data10 = 197,530

| label11 = 2011–12 | data11 = 214,583

| label12 = 2012–13 | data12 = 255,459

| label13 = 2013–14 | data13 = 288,414

| label14 = 2014–15 | data14 = 310,810

| label15 = 2015–16 | data15 = 348,107

| label16 = 2019–20 | data16 = 521,275

| label17 = 2021–22 | data17 = 661,428

| label18 = 2022–23 | data18 = 765,962

| label19 = 2023–24 | data19 = 861,507

}}

Economy

File:DLF Cyber City, Bhubaneswar .jpg

Bhubaneswar is an administrative, information technology, education and tourism city. Bhubaneswar was ranked as the best place to do business in India by the World Bank in 2014.{{Cite web|title=World Bank report ranks Odisha's Bhubaneswar as best place to do business in India|url=http://raaproperties.in/world-bank-report-ranks-odishas-bhubaneswar-as-best-place-to-do-business-in-india/|publisher=RAA Properties|date=25 May 2014|access-date=9 July 2014|archive-url=https://web.archive.org/web/20140808044226/http://raaproperties.in/world-bank-report-ranks-odishas-bhubaneswar-as-best-place-to-do-business-in-india/|archive-date=8 August 2014|url-status=dead}} Bhubaneswar has emerged as one of the fast-growing, important trading and commercial hub in the state and eastern India.{{Cite web |date=2021-08-18 |title=India's Startups Are Moving Into Smaller, Second Tier Cities – Why The Sudden Shift? |url=https://www.forbes.com/sites/sindhujabalaji/2017/10/05/thanks-to-regional-rivalries-indias-startup-surge-is-spreading-across-the-country/ |url-status=dead |archive-url=https://web.archive.org/web/20210818122259/https://www.forbes.com/sites/sindhujabalaji/2017/10/05/thanks-to-regional-rivalries-indias-startup-surge-is-spreading-across-the-country/ |archive-date=2021-08-18 |access-date=2021-08-18 |website=Forbes}} Tourism is a major industry, attracting about 1.5 million tourists in 2011.{{Cite web|title=Statistical Bulletin 2011–12|url=http://www.orissatourism.gov.in/new/pdf/Statistical%20Bulletin%202011-12.pdf|archive-url=https://web.archive.org/web/20140821185244/http://www.orissatourism.gov.in/new/pdf/Statistical%20Bulletin%202011-12.pdf|archive-date=21 August 2014|publisher=Department of Tourism, Government of Odisha|access-date=27 December 2012}} Bhubaneswar was designed to be a largely residential city with outlying industrial areas. The economy had few major players until the 1990s and was dominated by retail and small-scale manufacturing. With the economic liberalisation policy adopted by the Government of India in the 1990s, Bhubaneswar received investment in telecommunications, information technology (IT) and higher education.

In 2011, according to a study by Associated Chambers of Commerce and Industry of India, Bhubaneswar had the highest rate of employment growth among 17 Tier-2 cities in India.{{Cite news|last=Patnaik|first=Nageshwar|title=Bhubaneswar amongst top Tier II cities in job creation: ASSOCHAM|url=http://articles.economictimes.indiatimes.com/2011-04-18/news/29443740_1_tier-iii-cities-employment-generation|access-date=21 February 2013|newspaper=Economic Times|date=18 April 2011|archive-url=https://web.archive.org/web/20130617020108/http://articles.economictimes.indiatimes.com/2011-04-18/news/29443740_1_tier-iii-cities-employment-generation|archive-date=17 June 2013|url-status=dead}} It has been listed among the top ten emerging cities in India by Cushman and Wakefield, taking into consideration factors like demographics, physical, social and real estate infrastructure, current level and scope of economic activities and government support.{{Cite news|title=Bhubaneswar on top 10 city list|url=https://timesofindia.indiatimes.com/city/bhubaneswar/Bhubaneswar-on-top-10-city-list/articleshow/17249388.cms|access-date=17 November 2012|date=17 November 2012|archive-url=https://web.archive.org/web/20130706234446/http://articles.timesofindia.indiatimes.com/2012-11-17/bhubaneswar/35171862_1_twin-city-jatni-bhubaneswar-and-cuttack|archive-date=6 July 2013|newspaper=The Times of India|url-status=live}} In 2012, Bhubaneswar was ranked third among Indian cities, in starting and operating a business by the World Bank.{{Cite news|title=WB ranks Bhubaneswar as third best for business|url=http://www.dailypioneer.com/state-editions/bhubaneswar/104676-wb-ranks-bhubaneswar-as-third-best-for-business.html|access-date=22 December 2012|newspaper=The Pioneer|date=27 October 2012|archive-url=https://web.archive.org/web/20121030021036/http://www.dailypioneer.com/state-editions/bhubaneswar/104676-wb-ranks-bhubaneswar-as-third-best-for-business.html|archive-date=30 October 2012|url-status=live}}

Bhubaneswar has been traditionally home to handicrafts industry, including silver filigree work, appliqué work, stone and wood carvings and patta painting, which significantly contributes to the city's economy. The late 2000s saw a surge of investments in the real estate, infrastructure, retail and hospitality sectors; several shopping malls and organised retails opened outlets in Bhubaneswar.{{Cite news|title=50 cities seen as hub of retail space boom|url=http://archive.indianexpress.com/news/50-cities-seen-as-hub-of-retail-space-boom/203077/0|access-date=24 December 2012|newspaper=Indian Express|date=28 June 2007|archive-url=https://web.archive.org/web/20151208162333/http://archive.indianexpress.com/news/50-cities-seen-as-hub-of-retail-space-boom/203077/0|archive-date=8 December 2015|url-status=live}}{{Cite news|last=Dutta|first=Rita|title=Bhubaneswar: Boomtown for Healthcare|url=http://www.expresshealthcare.in/201005/market01.shtml|access-date=24 December 2012|newspaper=Express Healthcare|date=May 2010|archive-url=https://web.archive.org/web/20121219124327/http://www.expresshealthcare.in/201005/market01.shtml|archive-date=19 December 2012|url-status=dead}}{{Cite web|title=Bhubaneswar: the 2nd best retail destination in the East?|url=http://www.indiaretailing.com/news.aspx?Id=3967|publisher=India Retailing|access-date=24 December 2012|date=8 July 2009|url-status=dead|archive-url=https://archive.today/20130126084604/http://www.indiaretailing.com/news.aspx?Id=3967|archive-date=26 January 2013}}{{Cite web|title=Real(i)ty Next: Beyond the top 10 cities|url=http://crisil.com/research/reality-next.html|publisher=CRISIL|access-date=24 December 2012|archive-url=https://web.archive.org/web/20120730004135/http://crisil.com/research/reality-next.html|archive-date=30 July 2012|url-status=dead}} In the informal sector, 22,000 vendors operate in regulated or unregulated vending zones.{{Cite news|date=20 July 2012|title=Civic body to survey street vendors in Bhubaneswa|newspaper=The Times of India|url=https://timesofindia.indiatimes.com/city/bhubaneswar/Civic-body-to-survey-street-vendors-in-Bhubaneswar/articleshow/15049822.cms|url-status=live|access-date=27 December 2012|archive-url=https://web.archive.org/web/20130617003706/http://articles.timesofindia.indiatimes.com/2012-07-20/bhubaneswar/32763341_1_street-vendors-bhubaneswar-municipal-corporation-vishal-kumar-dev|archive-date=17 June 2013}}{{Cite web|last=Kumar|first=Randhir|date=June 2012|title=The Regularization of Street Vending in Bhubaneshwar, India: A Policy Model|url=http://wiego.org/sites/wiego.org/files/publications/files/Kumar_WIEGO_PB7.pdf|url-status=dead|archive-url=https://web.archive.org/web/20130413021336/http://wiego.org/sites/wiego.org/files/publications/files/Kumar_WIEGO_PB7.pdf|archive-date=13 April 2013|access-date=27 December 2012|work=WIEGO Policy Brief (Urban Policies) No 7|publisher=Women in Informal Employment Globalizing and Organizing}}

As of 2001, around 2.15% of the city's workforce was employed in the primary sector (agriculture, forestry, mining, etc.); 2.18% worked in the secondary sector (industrial and manufacturing); and 95.67% worked in the tertiary sector (service industries).

The Department of Industries established four industrial areas in and around Bhubaneswar, in the Rasulgarh, Mancheswar, Chandaka, and Bhagabanpur areas. Industrial sector in Bhubaneswar includes paper, steel, automobile, food, pharma and electronics industries. A large number of companies including Odisha State Cooperative Milk Producers' Federation, Bharat Biotech, Topaz Solar, Britannia Industries, SMS Group and Jockey International have there manufacturing plant.{{Cite web|title=SMS group: Inauguration of new manufacturing and service workshop in Bhubaneswar, India {{!}} Press Detail {{!}} SMS group|url=https://www.sms-group.com/press-media/press-releases/press-detail/sms-group-inauguration-of-new-manufacturing-and-service-workshop-in-bhubaneswar-india-386|access-date=2022-01-19|website=www.sms-group.com|language=en-US}}{{Dead link|date=March 2023 |bot=InternetArchiveBot |fix-attempted=yes }}{{Cite web|url=https://indiacsr.in/britannia-investment-of-rs-94-cr-to-create-additional-employment-to-450-people-in-odisha/ |title=Britannia investment of Rs. 94 Cr to create additional employment to 450 people in Odisha – India CSR Network |publisher=Indiacsr.in |date= 23 July 2021|accessdate=2022-03-08}}{{Cite web|title=Solar module manufacturing plant near Bhubaneswar|url=http://www.smartcitybhubaneswar.com/NewsDescription.aspx?NewsID=8172Gover|access-date=2022-01-19|website=www.smartcitybhubaneswar.com}}

In 2009, Odisha was ranked ninth among Indian states in terms of software export by NASSCOM, with most IT/ITES companies established in Bhubaneswar. In 2011–12, Odisha had a growth rate of 17% for software exports.{{Cite news|title=Software exports witness 17% growth at Rs 1,611 crore|url=http://www.dailypioneer.com/state-editions/bhubaneswar/81107-software-exports-witness-17-growth-at-rs-1611-crore.html|access-date=24 December 2012|newspaper=The Pioneer|date=16 July 2012|archive-url=https://web.archive.org/web/20140101081316/http://www.dailypioneer.com/state-editions/bhubaneswar/81107-software-exports-witness-17-growth-at-rs-1611-crore.html|archive-date=1 January 2014|url-status=live}} According to a 2012 survey, among the tier-2 cities in India, Bhubaneswar has been chosen as the best for conducting IT/ITES business.{{Cite news|last=Behara|first=Nirmalya|title=Bhubaneswar, a preferred hub for IT and ITes, says survey|url=http://www.business-standard.com/india/news/bhubaneswarpreferred-hub-for-itites-says-survey/469246/|access-date=27 December 2012|newspaper=Business Standard|date=28 March 2012|archive-url=https://web.archive.org/web/20120330062105/http://www.business-standard.com/india/news/bhubaneswarpreferred-hub-for-itites-says-survey/469246/|archive-date=30 March 2012|url-status=live}} The government fostered growth by developing of IT parks such as Infocity-1, Infovalley, STPI-Bhubaneswar and JSS STP.{{Cite web|last=Dixit|first=Rakesh|title=The Software support|url=http://indiatoday.intoday.in/story/real-estate-in-bhubaneswar/1/226370.html|publisher=India Today|access-date=24 December 2012|date=26 October 2012|archive-url=https://web.archive.org/web/20140101085809/http://indiatoday.intoday.in/story/real-estate-in-bhubaneswar/1/226370.html|archive-date=1 January 2014|url-status=live}} Infocity was conceived as a five-star park, under the Export Promotion Industrial Parks (EPIP) Scheme to create infrastructure facilities for setting up information technology related industries. Infosys and Tech Mahindra have been present in Bhubaneswar since 1996. Other Multinational Companies include Accenture, Cognizant, Tata Consultancy Services, Wipro, IBM, Genpact, Firstsource, Mindtree, MphasiS, Ericsson, Semtech, Reliance Communications, PricewaterhouseCoopers, Bharti Airtel, DLF (company), Capgemini, Happiest Minds, Concentrix, RiR Electronics, Synopsis, EY and Deloitte. It also houses the headquarters of POSCO India, a subsidiary of South Korean conglomerate POSCO and Govt. of India owned National Aluminium Company(NALCO). Apart from the big multinationals, some 300 small and mid-size IT companies and business startups have offices in Bhubaneswar.{{Cite web|title=IT Sector in Odisha|url=http://www.ocac.in/Download/IT_Scenario_Orissa.ppt|archive-url=https://web.archive.org/web/20131126182806/http://ocac.in/Download/IT_Scenario_Orissa.ppt |archive-date=26 November 2013 |publisher=Odisha Computer Application Centre, Technical Directorate of Information Technology Department, Government of Odisha|access-date=27 December 2012}}

Lulu International Shopping Malls Private Limited plans to set up shopping malls, hypermarkets, agri sourcing and logistics hub with an investment of Rs 1,500 crore.{{Cite news |last=Karnik |first=Prajakta |date=1 July 2022 |title=Lulu Group signs Rs 1500cr MoU, to explore hypermarket, agri, seafood sourcing & processing hubs in Odisha |url=https://www.logisticsandscm.com/business/dubais-lulu-group-to-invest-rs-1500-cr-in-odisha |access-date=6 September 2023 |newspaper=Logistics and SCM India}}

Cuttack is widely known as commercial capital of odisha famous for its unique silver filgree works which had been practiced by local artisans from 1000 of years.

There are 11 large-scale industries in and around Cuttack, mostly in Choudwar and Athagarh, and many more in the pipeline. These industries include steel, power, automobiles, alloys, and fireclay. Indian Metals & Ferro Alloys (IMFA), the country's largest producer of ferrous alloys, is in Choudwar, Cuttack. A mega-auto complex is in implementation stages on the city's outskirts.{{As of?|date=October 2024}} Cuttack occupies a very significant place in the logistics map of the country. The number of medium- and small-scale industries concentrated around Cuttack is by far the largest among the cities in the state. The industrial estates in and around Cuttack number around eight. Jagatpur and Khapuria are industrial estates inside the city. A large chunk of these serve as ancillary industries for the big industrial houses in Odisha and other states.

Sectors

{{State of Odisha}}

=Agriculture and Livestock=

According to the 2011 Census of India, 61.8% of the working population are engaged in agricultural activities.{{cite web|title=2011 Census: Odisha – Executive Summary|url=http://www.censusindia.gov.in/2011census/PCA/PCA_Highlights/pca_highlights_file/Odisha/Executive_Summary.pdf|publisher=Census of India|access-date=25 May 2015}} However, the agricultural activities undertaken in the state contributed only 16.3% to the GSDP in the fiscal year 2013–14 and it was estimated to be 15.4% in 2014–15. The area under cultivation was 5,691 hectares in 2005–06 and it dropped to 5,424 hectares in 2013–14. Rice is the dominant crop in Odisha. It is grown on 77% of the area under cultivation. Odisha produced 8,360 metric tonnes of rice in 2013–14, a drop from 10,210 metric tonnes due to the cyclone Phailin.{{cite news|title=Agriculture share in GSDP falls|url=http://timesofindia.indiatimes.com/business/india-business/Agriculture-share-in-GSDP-falls/articleshow/46320809.cms|access-date=25 May 2015|work=The Times of India|date=21 February 2015}} Given below is a table of 2015 national output share of select agricultural crops and allied segments in Odisha based on 2011 prices.[http://www.mospi.gov.in/sites/default/files/publication_reports/Final1Brochure_30july2018.pdf 2015 agricultural output of Odisha based on 2011 prices]

class="wikitable"
Segment || National Share %
Cow pea45.0
Pumpkin33.6
Niger seed30.5
Sweet potato30.4
Turmeric17.0
San hemp24.7
Brinjal14.3
Water melon12.1
Lemon11.7
Bitter gourd11.1
Coconut11.0
Betel9.9
Cabbage8.5
Ber8.4
Fuel wood8.4
Linseed7.8
Cashew nut7.3
Parmal7.2
Jackfruit6.9
Okra6.8
Sunflower6.3
Bottle gourd6.0
Tomato5.9
Moong5.8
Paddy5.6
Arhar5.5
Mango5.0
Chilli5.0

During 2013–14, the state exported 4.13 lakh tonnes and {{currency|1,800|INR}} crore worth of seafood. In 2014–15, the value of exports rose by 26% to {{currency|2,300|INR}} crore with 4.67 tonnes being exported. Odisha is the fourth largest shrimp producing state in India.{{cite news|title=Odisha achieves record seafood exports growth|url=http://www.oneindia.com/india/odisha-achieves-record-seafood-exports-growth-1754919.html|access-date=8 August 2015|work=One India|date=22 May 2015}}{{cite news|title=Shrimp Export up by 56 Per Cent in State|url=http://www.newindianexpress.com/states/odisha/Shrimp-Export-up-by-56-Per-Cent-in-State/2015/07/23/article2935598.ece|archive-url=https://web.archive.org/web/20150726005401/http://www.newindianexpress.com/states/odisha/Shrimp-Export-up-by-56-Per-Cent-in-State/2015/07/23/article2935598.ece|url-status=dead|archive-date=26 July 2015|access-date=8 August 2015|work=The New Indian Express|date=23 July 2015}}{{cite news|title=Odisha achieves record seafood exports growth|url=http://timesofindia.indiatimes.com/good-governance/odisha/Odisha-achieves-record-seafood-exports-growth/articleshow/47387967.cms|access-date=8 August 2015|work=The Times of India|date=22 May 2015}} On 22 November 2017, Odisha government decided to launch "Nabakrushna Choudhury Seccha Unnayan Yojana" to provide irrigation facility to about 55,000 hectare of agricultural land across Odisha. The scheme would be implemented with an outlay of Rs 635 crore over a period of three years. Under the scheme, 46,296 hectare command area of 14 major and medium irrigations and 284 minor irrigation projects will be revived.

=Industry=

The primary industries in Odisha are manufacturing; mining and quarrying; electricity, gas and water supply and construction. The industrial sector's contribution to the state's GSDP was estimated at 33.45% in 2014–15. Most of Odisha's industries are mineral-based. Odisha has 25% of India's iron reserves. It has 10% of India's production capacity in steel. Odisha is the top aluminium producing state in India. Two of the largest aluminium plants in India are in Odisha, NALCO and Vedanta Resources. Mining contributed an estimated 6.31% to the GSDP.{{cite web|title=Odisha Economic Survey, 2014 -15|url=http://www.odisha.gov.in/pc/Download/Economic_Survey_2014-15.pdf|publisher=Planning and Coordination Department, Government of Odisha|access-date=25 May 2015}}

=Power=

Odisha has 9036.36 MW installed capacity of electricity production, out of which 6753.04 MW is coal-generated. 2166.93 MW is generated by hydro power and 116.39 MW by other renewable sources.{{cite web|title=All India Installed Capacity (in MW) of Power Stations|url=http://www.cea.nic.in/reports/monthly/inst_capacity/jun15.pdf|access-date=8 August 2015|publisher=Central Electricity Authority|date=30 June 2015|archive-url=https://web.archive.org/web/20150923201714/http://www.cea.nic.in/reports/monthly/inst_capacity/jun15.pdf|archive-date=23 September 2015|url-status=dead}}

Odisha was the first state in India to reform its power sector. In 1996, it passed the Orissa Electricity Reform Act to restructure and privatize the sector. Before the Act, the single public-sector company Orissa State Electricity Board (OSEB) had been producing and supplying electricity in the state since its establishment in 1961. But by 1994–95, OSEB had run into heavy losses and there was a gap of 45% between consumption and production. The reforms unbundled power generation from transmission and distribution. Following the reforms, hydro power plants were handed over to Odisha Hydro Power Corporation (OHPC) and the existing thermal power plants were transferred to Odisha Power Generation Corporation (OPGC). Grid Corporation of Odisha (Gridco) was given the task of power supply. Initially, these were operated as state-owned farms, but later were corporatised.{{cite web|url=http://planningcommission.nic.in/plans/stateplan/sdr_orissa/sdr_orich13.doc|publisher=Planning Commission of India|title=Power Sector Reform in Orissa: A Case Study in Restructuring|access-date=8 August 2015}}

In August 2014, the government announced a plan to invest {{currency|54,000|INR}} crore in the power sector over the next 5 years, to provide 24-hours electricity to both the urban and rural regions.{{cite news|url=http://www.thehindu.com/news/national/other-states/odisha-plans-rs-54000-crore-investment-in-power-sector/article6271723.ece|title=Odisha plans Rs. 54,000 crore investment in power sector |date=1 August 2014|work=The Hindu|access-date=8 August 2015}} Odisha expects to reach a power surplus during its peak consumption months by 2015–16.{{cite news|title=Odisha to have 12% surplus power in peak period in 2015–16|url=http://www.business-standard.com/article/economy-policy/odisha-to-have-12-surplus-power-in-peak-period-in-2015-16-115060201695_1.html|access-date=8 August 2015|work=Business Standard|date=2 June 2015}}

=Service=

The service sector contributed an estimated 51% to the GSDP in 2014–15. The primary sub-sectors are: community, social and personal services, which contributed 13.45% to the GSDP; trade, hotels and restaurants, which contributed 13.09%; financial and insurance services, which contributed 13.64%; and transport, storage and communication, which contributed 10.99%. The state has a well-developed banking network compared to many states of India. There is one bank branch for every 12,000 people. 90% of the branches are in the rural region.

See also

References

{{Reflist}}

Further reading

  • {{cite web|title=Odisha Economic Survey, 2012 -13|url=http://www.odisha.gov.in/pc/Download/Economic_Survey_2012_13.pdf|publisher=Planning and Coordination Department, Government of Odisha|date=February 2013}}
  • {{cite web|title=Odisha Economic Survey, 2013 -14|url=http://www.odisha.gov.in/pc/Download/Economic_Survey_2013-14.pdf|publisher=Planning and Coordination Department, Government of Odisha|date=February 2014}}
  • {{cite web|title=Odisha Economic Survey, 2014 -15|url=http://www.odisha.gov.in/pc/Download/Economic_Survey_2014-15.pdf|publisher=Planning and Coordination Department, Government of Odisha|date=February 2015}}

{{Odisha}}

{{Economy of India}}

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