Odisha's Economic Survey Report Shows Steady Progress Towards Sustainable Growth

Chief Minister Mohan Charan Majhi announced Odisha's steady economic progress as per the Economic Survey of India 2025-26, highlighting increased NSDP and agricultural advancements.

Odisha is witnessing steady economic growth, as highlighted in the Economic Survey of India 2025-26. Chief Minister Mohan Charan Majhi noted that the state's economy is on a path of inclusive and sustainable development. The survey, presented in Parliament, underscores Odisha's progress in various sectors.

The state's Net State Domestic Product (NSDP) has shown significant improvement. It rose from Rs 6.99 lakh crore in 2023-24 to an estimated Rs 7.90 lakh crore in 2024-25. This increase reflects a growth rate acceleration from 12.44% to 13.04%, indicating a strengthening economy.

Economic Growth and Agriculture

Per capita NSDP has also seen a notable rise, reaching Rs 1,68,966. This represents a 12.33% increase, which suggests better income levels for Odisha's residents. Agriculture remains central to the state's development strategy, with significant achievements in crop production.

Odisha has emerged as one of the top three sunflower-producing states in India. It contributes 0.03 million tonnes, accounting for 11.6% of the national production. This success highlights the government's focus on crop diversification and productivity enhancement.

Financial Inclusion and Infrastructure

Financial inclusion is expanding across Odisha, with bank deposits increasing to Rs 5.83 lakh crore. This rise strengthens savings and investment within the state, supporting its fiscal health and enabling continued investment in crucial sectors.

The state's strong fiscal position allows for sustained investment in infrastructure, education, and social welfare. These investments are crucial for fostering inclusive development and improving living standards for all residents.

Commitment to Inclusive Development

Progress in education and poverty reduction further demonstrates Odisha's commitment to inclusive growth. The state government aims to translate economic growth into higher incomes, quality employment, and better opportunities for every citizen.

The chief minister emphasised that these efforts reflect a dedication to enhancing the overall well-being of Odisha's people. The focus remains on ensuring that economic gains lead to tangible improvements in quality of life.

With inputs from PTI