Last Updated: November 24, 2015
Latest update: August, 2015
Last Updated: August, 2015
ODISHA State Report | August, 2015
Odisha is located in the eastern region of India. The state shares its borders with West Bengal on the north-east, Jharkhand on the north, Andhra Pradesh on the south, Chhattisgarh on the west, and the Bay of Bengal on the east.
The state's economy witnessed high growth rates between 2004-05 and 2014-15, with gross state domestic product (GSDP) expanding at a compound annual growth rate (CAGR) of 11.5 per cent.
Odisha has emerged as a key state with regards to the mineral and metal based industries. The state leads in iron, steel, ferroalloy and aluminium production and has a strong base for coal based power generation. The mineral belt is spread over an area of more than 6,000 sq km. During 2014-15, mining was underway in nearly 173 mines. The key minerals found in the state are iron, coal, bauxite, manganese, nickel, chromite, limestone, dolomite, graphite, decorative stones, beach sand, china clay, tin ore, etc.
It is the first state in India to have undertaken reform and restructuring initiatives in the power sector. As of June 2015, the state had a total installed power generation capacity of 9,036.36 megawatt (MW).
Odisha has a well-developed social, physical and industrial infrastructure, and the state government has undertaken several infrastructural projects to further promote overall development. The state's infrastructure includes well-connected road and rail networks, airports, ports, power, and telecom. In July 2015, the state government announced plans to invest US$ 5,806 million for the development of road infrastructure in the state.