What Does the Economic Survey Reveal About Odisha's 9.2% Growth in Per Capita Income?
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Bhubaneswar, Feb 19 (NationPress) The state government unveiled the Economic Survey 2025-26 on Thursday, highlighting remarkable growth, an increase in per capita income, and notable advancements in agriculture, industry, services, and social development.
The annual economic survey indicates a 9.2% rise in per capita income for the state, bringing it to Rs 1,86,761, which signifies a quicker alignment of per capita income with the national average.
“Odisha's per capita income has surged by 9.2% to Rs 1,86,761 in 2025-26 (AE), while the national per capita income has increased by 6.9%. This rapid growth reflects a faster convergence with the national average,” stated the state government.
The report further revealed that Odisha's economy, measured by the Gross State Domestic Product (GSDP) at current prices, is projected to be Rs 9.9 lakh crore in 2025-26, marking a 9.5% increase from Rs 9 lakh crore in 2024-25. The real economic growth is forecasted at 7.9% for 2025-26, surpassing the previous year's growth of 7.2% and outpacing the national average of 7.4%.
“All sectors have demonstrated robust growth rates in 2025-26, and the state is on the verge of rapid expansion in the coming years as both private and public investments are on the rise,” the government further indicated.
The Economic Survey also emphasized the increase in the Labour Force Participation Rate (LFPR), especially among females. The LFPR rose to 64.5% in 2024 from 58.1% in 2022, exceeding the national average of 59.6% in 2024. The Female LFPR surged to 48.7% in 2024, demonstrating a significant move towards gender inclusion.
According to the survey, agriculture and allied sectors contribute 19.6% to the state economy in 2025-26, above the national share of 16.8%. The sector experienced a 5.3% growth rate, compared to India's 3.1%. Foodgrain production in Odisha reached a record high of 150.5 lakh MT in 2024-25, up from 143.04 lakh MT in 2023-24, reflecting a 5.2% growth rate. The production of rice increased by 2.8% from 2023-24, aided by initiatives like the Samrudha Krushak Yojana and CM-Kisan scheme.
In the industrial sector, contributions to GSVA at current prices amounted to 41.3%, approximately Rs 3.6 lakh crore. This sector registered a 6.4% growth at constant prices, primarily driven by a significant expansion in manufacturing, which is projected to grow by 8.3%, compared to the national average of 7%. The services sector represented 39.1% of GSVA in 2025-26, with a projected growth of 9.3% at constant prices.
The financial services sector anticipates a growth rate of 11.9% in 2025-26 (AE). Policies such as the AI Policy 2025, Odisha GCC Policy 2025, and Semiconductor & Fabless Policy 2025 aim to enhance the state's position as a digital economy hub.
Additionally, the Economic Survey highlighted significant advancements in various sectors, including railways, port and airport infrastructure, irrigation, health, sports, and education.
Chief Minister Mohan Charan Majhi is set to present the annual state budget for the 2026-27 financial year in the state Assembly on Friday.