Key Sectors

• In the State Budget 2022-23, Odisha has allocated 7.8% of its total expenditure on roads and bridges, which is significantly higher than the average allocation by states (4.7%).
• Total traffic handled by Paradip Port was 135.36 million metric tonnes in FY23 as against 116.13 MMT in FY22, recording the highest growth of 16.5%.
• As of May 2023, Odisha had a total installed power generation capacity of 7,786.71 MW, of which 1,662.85 MW was under the central utilities, 3,840.52 MW (under state utilities) and 2,283.34 MW (under private sector). Of the total installed power generation capacity, 4,989.85 MW was contributed by thermal, 2,163.22 MW by hydro, and 633.64 MW by renewable energy.
• In the State Budget 2023-24, Odisha had allocated 13.2% of its expenditure towards education, 7.6% of its total expenditure towards health, 6.2% of its expenditure towards water supply and sanitation, 7.1% of its budget towards rural development, 2.1% of its total expenditure towards police, and 7.9% of its total expenditure towards roads and bridges.
• In December 2022, the Odisha cabinet approved the Industrial Policy Resolution (IPR) 2022 to attract investments to the state, which will be applicable for five years.
• Total merchandise exports from Odisha stood at US$ 10.22 billion in FY21 and at US$ 15.14 billion in FY22 (until February).
• In 2021-22, at current prices, agriculture, industry (including mining), and services sectors are estimated to contribute 21%, 40%, and 40% to the economy, respectively.
• As of July 2022, the state had five operational, five notified and seven formally approved SEZs.
• In 2021-22*, the total production of horticulture crops in the state was expected to be 13,062.98 thousand tonnes and area under production was 1,463.76 thousand hectares. In 2021-22*, the total production of vegetables and fruits was estimated at 9,523.71 thousand tonnes and 2,782.05 thousand tonnes, respectively.
• In 2021-22, 3,898,770 domestic tourists and 3,153 foreign tourists visited Odisha.
• Odisha’s industries are based mainly on the natural resources available in the state. It carries more than 35% of country’s natural resources. The state has significant reserves of iron ore, bauxite, nickel, coal, etc. Hence, it is an attractive destination for mineral-based industries. In March 2021, ArcelorMittal-Nippon Steel India and the Odisha government signed a MoU to establish a 12 MT integrated steel plant in the state, with an investment worth Rs. 50,000 crore (US$ 6.88 billion).
• In Union Budget 2021, Odisha allocated 6.4% of its total expenditure on health, (higher than the average allocation for health by other states (5.5%), 7.5% on rural development (higher than the average allocation for rural development by other states (6.1%) and 7.8% on roads and bridges (higher than the average allocation by states (4.3%).
• In Maritime India Summit 2021, the government announced to establish Odisha as the hub of maritime trade.

Note: Excluding fuel minerals, atomic minerals and minor minerals, ^- Until February month of that particular fiscal year, As per first advance estimates