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About Odisha: Tourism, Mining Industries, Agriculture, Economy & Geography

Latest update: April, 2018

Economic Snapshot
Per capita Income

 

Factfile

  • Capital:Bhubaneswar
  • Geographical Area (sq km):155,707
  • State Language:Oriya, Hindi and English
  • Literacy Rate:72.87 per cent
  • Key Industries:Iron, steel, ferroalloy, aluminium, handloom, mining, IT and ITeS, electronics and tourism

Last Updated: April, 2018

ODISHA State Report | April, 2017

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 2011-12 and 2016-17, with gross state domestic product (GSDP) expanding at a compound annual growth rate (CAGR) of 10.70 per cent.

Odisha has emerged as a key state with regards to the mineral and metal based industries. During 2016-17, total production of minerals in the state was recorded at 264.87 million tonnes as compared to 238.08 million tonnes in 2015-16. 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 January 2018, the state had a total installed power generation capacity of 7,338.36 megawatt (MW).

The state has attracted Foreign Direct Investment (FDI) inflows worth US$ 416 million during the period April 2000 to September 2017, 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. Odisha stood 11th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and DIPP in 2016.

Key Sectors:

  • Odisha’s industries are based mainly on the natural resources available in the state. It carries more than 35 per cent 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.
  • The state is one of the top producers of aluminium in the country, both in terms of production capacity as well as actual production. The state produced 6 million tonnes of bauxite, which is the basic raw material for aluminium, in April-September 2017.
  • The Odisha State Cooperative Handicrafts Corporation is engaged in strengthening the production base, enlarging marketing opportunities, encouraging exporters and introducing new designs and technology in the handicrafts sector. According to state budget 2017-18, an amount of US$ 30.10 million has been proposed for various schemes under the handloom, textile and handicrafts sectors in the state.

Factfile

  • Capital:Bhubaneswar
  • Geographical Area (sq km):155,707
  • State Language:Oriya, Hindi and English
  • Literacy Rate:72.87 per cent
  • Key Industries:Iron, steel, ferroalloy, aluminium, handloom, mining, IT and ITeS, electronics and tourism
Odisha Map

Odisha