![]() Bhubaneswar, the capital city of Odisha. | |
Statistics | |
---|---|
Population | 4,70,00,000 (2023)[1] |
GDP |
![]() |
GDP rank | 14th (2021-22) |
GDP growth | 10.57% (2023-24 est.) (current prices) [2] |
GDP per capita | ₹161,437 (US$1,900) (2023-24) [3] ![]() |
GDP per capita rank | 21st (2022-23) |
GDP by sector | Agriculture 21% Industry 43% Services 36% (2023-24)[4] |
7.1% [5] | |
Population below poverty line | ![]() |
0.31 (2009-10)[7] | |
Unemployment | ![]() |
Public finances | |
13.6% of GSDP (2024-25 BE)[2] | |
₹−32,403 crore (US$−3.9 billion) (3.5% of GSDP) (2024–25 est.)[2] | |
Revenues | ₹2.11 lakh crore (US$25 billion) (2024-25)[2] |
Expenses | ₹2.65 lakh crore (US$32 billion) (2024-25)[2] |
All values, unless otherwise stated, are in US dollars. |
The economy of Odisha is one of the fastest growing economies in India.[9] According to 2023-24 economic survey, Odisha's gross state domestic product (GSDP) was expected to grow at 10.57%.[2] Odisha has an agriculture-based economy which is in transition towards an industry and service-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.[2] 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).[10] 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.[11]
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