Is Odisha's NSDP Surging Towards Inclusive Growth Post Economic Survey?
Synopsis
Odisha's Chief Minister Mohan Charan Majhi praises the Economic Survey (2025–26) for highlighting the state's growth in NSDP and commitment to inclusive development. With the NSDP projected to rise significantly, he emphasizes the importance of agriculture and financial inclusion in driving growth.
Key Takeaways
Odisha's NSDP is projected to rise to Rs 7.90 lakh crore in 2024-25.
The growth rate of NSDP is expected to accelerate to 13.04 percent.
Per capita NSDP has reached Rs 1,68,966, indicating improved living standards.
Odisha ranks among the top producers of sunflower in India.
Financial inclusion is improving with significant bank deposit increases.
Bhubaneswar, Jan 30 (NationPress) Odisha's Chief Minister Mohan Charan Majhi praised the recently unveiled Economic Survey of India (2025–26) during its presentation in the Lok Sabha, emphasizing that this survey confirms the state's consistent advancement towards inclusive and sustainable growth.
On his X handle, CM Majhi remarked, “The Economic Survey of India (2025–26) confirms the robust progress that Odisha is achieving towards inclusive and sustainable development.”
He expressed his contentment with the data from the Economic Survey (2025–26), which indicated that Odisha's Net State Domestic Product (NSDP) has surged from Rs 6.99 lakh crore in 2023–24 to an estimated Rs 7.90 lakh crore in 2024–25, reflecting a growth rate of 13.04 percent. Additionally, he pointed out that the per capita NSDP has reached Rs 1,68,966, signifying an increase in incomes and enhanced living standards for the people of Odisha.
In his remarks about the agricultural advancements highlighted in the survey, the Chief Minister noted, “Agriculture remains a crucial component of our growth strategy, with Odisha ranking among the top three sunflower-producing states in India. Financial inclusion is also improving, as bank deposits have climbed to Rs 5.83 lakh crore, bolstering savings and investment.”
CM Majhi further stated that Odisha's fiscal health is robust, allowing for ongoing investments in infrastructure, education, and social welfare.
“Advancements in education and poverty alleviation are further evidence of our commitment to inclusive development. Our administration is dedicated to transforming this growth into higher incomes, quality employment, and improved opportunities for every Odia,” emphasized CM Majhi.
It is significant to note that Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2026 in Parliament on the same day, detailing how the nation’s economy continues to thrive amidst global uncertainties and the repercussions of US tariffs.
The survey has escalated India’s potential growth rate to 7.0 percent, up from 6.5 percent three years prior, as “ongoing domestic reforms and public investment are enhancing the economy’s growth capacity despite global challenges.”
Point of View
The Economic Survey of India (2025–26) reflects not only the growing economic stability of Odisha but also emphasizes the importance of inclusive growth. Chief Minister Majhi's focus on agriculture and financial inclusion is commendable, as such initiatives are essential for the overall development of the region. The survey positions Odisha as a state that is not merely growing but is committed to the welfare of its citizens.
NationPress
10 May 2026
Frequently Asked Questions
What is the projected NSDP for Odisha in 2024-25?
The projected Net State Domestic Product (NSDP) for Odisha in 2024-25 is estimated to be Rs 7.90 lakh crore.
How much has the NSDP grown compared to the previous year?
The NSDP has increased from Rs 6.99 lakh crore in 2023-24 to Rs 7.90 lakh crore in 2024-25, reflecting a growth of 13.04 percent.
What is the significance of agriculture in Odisha's development?
Agriculture is a key pillar of Odisha’s development strategy, with the state ranking among the top three sunflower producers in the country.
What measures are being taken for financial inclusion in Odisha?
Financial inclusion is deepening in Odisha, with bank deposits rising to Rs 5.83 lakh crore, which promotes savings and investment.
How does the Economic Survey impact Odisha's future?
The Economic Survey indicates strong fiscal health for Odisha, enabling ongoing investments in infrastructure, education, and social welfare.
