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

Last updated on Jun, 26 2020

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

ODISHA State Report | June, 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 12.70 per cent.

Odisha has emerged as a key state with regards to the mineral and metal-based industries. At 40.7 per cent in 2018, Odisha contributed the largest share of mineral production India in terms of value. Value* of minerals produced in the state reached Rs 30,170.22 US$ 4.28 billion) in 2018-19.

It is the first state in India to have undertaken reform and restructuring initiatives in the power sector. As of March 2020, Odisha accounted for a total installed power generation capacity of 8,566.59 megawatt (MW), comprising 3,828.22 MW under state utilities, 2,771.39 MW under private sector, 1,996.68 MW under central utilities.

The state attracted Foreign Direct Investment (FDI) inflow worth US$ 605 million during April 2000 and March 2020 according to the data released by 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.

Key Sectors:

  • Total merchandise export from Odisha stood at US$ 6.303 million in FY19 and reached US$ 3.26 billion during April-September 2019.
  • 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. In June 2020, ArcelorMittal Group announced its plans to invest Rs 2,000 crore (US$ 283.73 million) in the state to expand its pellet plant at Paradip and increase its production capacity from 6 million tonnes per annum (MTPA) to 12 MTPA.
  • According to State Budget 2018-19, an outlay of Rs 114 crore (US$ 17.69 million) was proposed for the mining sector.
  • About 155.10 lakh domestic tourists and 1.14 lakh foreign tourists visited Odisha during 2018-19.

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