Latest update: December, 2016
Last Updated: December, 2016
ODISHA State Report | December, 2016
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 2015-16, with gross state domestic product (GSDP) expanding at a compound annual growth rate (CAGR) of 10.25 per cent.
Odisha has emerged as a key state with regards to the mineral and metal based industries. During 2015-16, total production of minerals in the state was recorded at 239.45 million tonnes as compared to 189.83 million tonnes in 2014-15. 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. 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 2016, the state had a total installed power generation capacity of 9,421.52 megawatt (MW).
The state has attracted Foreign Direct Investment (FDI) inflows worth US$ 403 million during the period April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP).
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. As per state budget 2015-16, US$ 3.05 million was allocated for Externally Aided Projects (EAP) under Odisha Urban Infrastructure Development Fund (OUIDF). Moreover, US$ 6.11 million was earmarked to develop urban infrastructure in slum areas at Berhampur Town, with the assistance of World Bank. Odisha stands 7th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: December 28, 2016