Odisha economy set to touch Rs 10 lakh crore, outgrows national average
BHUBANESWAR: Odisha’s economy is on course to reach the ₹10 lakh crore mark, with its Gross State Domestic Product estimated at ₹9.9 lakh crore in 2025–26, reflecting a year-on-year growth of 9.5 per cent, according to the latest Economic Survey tabled in the State Assembly.
The Economic Survey, presented in the Odisha Assembly on Thursday, said the State’s real economic growth is projected at 7.9 per cent in 2025–26, higher than its own growth of 7.2 per cent in 2024–25 and above the national average of 7.4 per cent, indicating broad-based expansion across sectors.Per capita income in Odisha rose by 9.2 per cent to ₹1,86,761 in 2025–26, significantly faster than the national increase of 6.9 per cent. The survey noted that this trend is helping the State steadily narrow the income gap with the national average and reflects improving living standards.
Industry continued to be a key growth driver, accounting for 41.3 per cent of Gross State Value Added and contributing around ₹3.6 lakh crore.
The sector registered a growth of 6.4 per cent, with manufacturing expected to expand by 8.3 per cent, above the national average.The services sector, which contributed 39.1 per cent to the economy, is projected to grow at 9.3 per cent, driven by financial services, digital infrastructure and technology-led investments.
The survey highlighted the government’s focus on emerging areas such as artificial intelligence, semiconductor manufacturing and global capability centres to strengthen Odisha’s position as a digital economy hub.
Agriculture remained resilient, contributing 19.6 per cent to the economy, higher than the national average of 16.8 per cent.Paddy procurement stood at 92.6 lakh metric tonnes, benefiting around 20 lakh farmers through minimum support prices and subsidies, the report said.
Infrastructure development further supported growth prospects. The State increased its irrigation potential to 74.2 lakh hectares, expanded its rail network to 3,243 km and improved air connectivity to 30 cities.
Port capacity has also been enhanced, with Paradip port accounting for nearly 18 per cent of the country’s total cargo handling.The survey noted that Odisha has maintained strong fiscal discipline, with its debt-to-GSDP ratio at 13.6 per cent, well below the 25 per cent limit. Capital expenditure rose to 6.6 per cent of GSDP, the highest among major States.
With rising investments, robust industrial growth, improved infrastructure and prudent fiscal management, the survey said Odisha is well positioned for sustained high growth and structural transformation in the coming years.