Odisha has the highest percentage of Chromite, Nickel, Bauxite, Manganese, and Iron Ore mineral deposits in India.
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.
At current prices, the state’s gross state domestic product (GSDP) is projected to be Rs. 8.65 trillion (US$ 105.05 billion) in 2023-24. Odisha’s GSDP is expected to increase at a CAGR of 11.94% between 2016-17 and 2023-24.
According to the DPIIT, cumulative FDI inflows in the state stood at US$ 159.76 million between October 2019-March 2023.
Odisha has emerged as the key state with regard to the mineral and metal-based industries. In 2019-20^, Odisha contributed to the largest share (43.0%) of mineral production (by value) in India. Value of minerals produced in the state reached Rs. 87,086 crore (US$ 10.78 billion) in 2021-22.
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.
Total merchandise exports from Odisha stood at US$ 10.86 billion in FY23.
Note: Excluding fuel minerals, atomic minerals and minor minerals, ^- Until February month of that particular fiscal year, As per first advance estimates