Last updated on Feb, 9 2021
ODISHA State Report | September, 2020
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 2015-16 and 2019-20, with Gross State Domestic Product (GSDP) expanding at a Compound Annual Growth Rate (CAGR) of 12.77%.
Odisha has emerged as a key state with regard to the mineral and metal-based industries. In 2019-20^, Odisha contributed the largest share (47.5%) of mineral production (by value*) in India. Value* of minerals produced in the state reached Rs. 299.17 billion (US$ 4.24 billion) in 2019-20^.
It is the first state in India to have undertaken reform and restructuring initiatives in the power sector. As of November 2020, Odisha accounted for a total installed power generation capacity of 8,592.20 MW, comprising 3,828.22 MW under state utilities, 2,797.02 MW under the private sector and 1,966.98 MW under central utilities.
The state attracted Foreign Direct Investment (FDI) inflow worth US$ 616 million between April 2000 and September 2020 according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
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.
*- Excluding fuel minerals, atomic minerals and minor minerals, ^- till February 2020