Commerce Dashboard

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

Latest update: March, 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

Last Updated: March, 2020

ODISHA State Report | March, 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 2011-12 and 2017-18, with Gross State Domestic Product (GSDP) expanding at a Compound Annual Growth Rate (CAGR) of 10.30 per cent.

Odisha has emerged as a key state with regards to the mineral and metal based industries. At 34.3 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 US$ 3.98 billion in 2018-19 (till February 2019).

It is the first state in India to have undertaken reform and restructuring initiatives in the power sector. As of November 2019, Odisha accounted for a total installed power generation capacity of 8,870.81 MW, comprising 3,828.22 MW under state utilities, 3,423.91 MW under the private sector & 1,618.68 MW under central utilities.

The state has attracted Foreign Direct Investment (FDI) inflows worth US$ 589 million during the period April 2000 to June 2019, according to 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 exports from Odisha were US$ 6.303 million in FY19 and during April-September 2019 reached US$ 3.26 billion.
  • 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.
  • According to State Budget 2018-19, an outlay of Rs 114 crore (US$ 17.69 million) was proposed for the mining sector.

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