- In 2018-19 financial year total gross state domestic product (GSDP) was at 8.4%.
- In the last financial (17-18) year the GSDP growth was at 7.4%.
- Odisha was having a better growth rate in 2018-19 in comparison to Haryana, Punjab , Jharkhand, Madhya Pradesh, Maharastra, and Chattisgarh.
- In recent times the Odisha economy is industry and service-oriented while it mostly depends upon agriculture and allied activities.
- According to the estimation in the last eight years, Odisha GSDP has grown 123% which is a rare and remarkable achievement in the history of Odisha Economy.
- Odisha has been a favourite foreign direct investment destination in the last decade.
- According to the RBI sources in 2012-13 financial year, Odisha attracted a hefty sum of 8.33billion $(53,000 crores)
- According to the 2011 census, the total labour force of Odisha was 17,541,589.
- According to the 2011 census Odisha rural employment rate was 8 per cent while the urban growth rate was at 9 per cent.
- In 2013-14 the per capita income per annum of Odisha was 1531 $ or Rs 98,9813.
- In the 2018-19 Odisha Gross debt was Rs 98,913 crores.
- Odisha has consolidated his position in vegetables production in recent times.
- In 2018-19 Odisha has exported seafood around Rs 1800 crore (4.13 lac tonne)
- Odisha’s industries mostly revolves around Minerals, Quarrying, and electricity production.
- In 2014-15 the total contribution of the industry towards in GSDP was 33.45%.
- Total percentage of mineral reserves in iron ore in all over India in Odisha is 25%
- Odisha has the capacity of steel production across India around 10 %.
- Odisha is also famous for its Aluminium production in all over the India.(50% India production)
- Odisha has the capacity of 9036.36 Mega Watt electricity production out of which 93 MW is thermal electricity and hydroelectricity is about,116.39MW.
- Service sector contribution in GSDP was 51% in 2014-15.
- In 2018-19 Service sector contribution in GSDP was 41.6%.
- In recent times there is a sharp decline of agriculture and allied activities contribution in GSDP.
- To make women self-independent Odisha Government has recently launched Mission Shakti. In this programme 6 lakhs SHGs are prepared and in which 60lakhs women are associated to earn their living hood.
- Odisha service sector mostly comprises of Hotel and Restaurant, Travel and Tourism Finance and Insurance.
- In 2016 Odisha has implemented AKSHAYA SAKTI NITI to promote renewable energy sources in electricity production.
- Every year Odisha used to produce 50 million tonne industrial wastage which can be alarming sign for environmental pollution.
- In2016 Odisha has implement special law for Food Processing
- In 2018-19 February Odisha unemployment rate was hovering around 7% while that of India was at 6.2%.
- In Odisha recent times around 22 lakhs educated people are unemployed while 80 lakhs are uneducated unemployed.
- Odisha is aiming at 12% GSDP by 2020.
- Odisha has implemented SINGLE WIDOW system and THE ODISHA INDUSTRIES Facilitation ACT 2004 for promoting industrial growth in the state.
- Odisha is planning to invest 28.69 $ in the manufacturing sector which will create 30laks employments.
- Odisha is almost ready to implement Skilled in Odisha to rope in 15lacs adults for their skill enhancement training.
ODISHA ECONOMY AT A GLANCE
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