Last Updated: June 05, 2015
Latest update: November, 2014
Last Updated: November, 2014
ODISHA State Report | March, 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 2013-14, with gross state domestyic product (GSDP) expanding at a compound annual growth rate (CAGR) of 15.7 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 mining sector accounted for 8.9 per cent of Odisha's GSDP during FY 2013-14 and grew at CAGR of 17.8 per cent from fiscal year 2004-05 to 2013-14.
It is the first state in India to have undertaken reform and restructuring initiatives in the power sector. As of April 2014, the state had a total installed power generation capacity of 7,737.1 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.