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Odisha Economic Survey Shows Faster Growth, Projects Higher Debt to Fund Capital Push

The report presents higher investment as the growth engine, with borrowings projected to stay within statutory limits.

Overview

  • Odisha’s economy is estimated at Rs 9.9 lakh crore in 2025-26, up 9.5%, with real growth of 7.9% versus the all-India 7.4%.
  • Per capita income rose 9.2% to Rs 1,86,761 as labour participation improved to 64.5% in 2024 and female participation to 48.7%.
  • Public debt stands at 13.6% of GSDP in 2025-26 and is projected near 15.7% by 2029-30, driven by higher capital spending with borrowing costs expected to remain relatively low.
  • Capital outlay is budgeted at 6.6% of GSDP, the highest among major states, with industry at 41.3% of output, services at 39.1% and agriculture at 19.6%.
  • Agriculture recorded a 2024-25 foodgrain high of 150.5 lakh MT, with 92.6 lakh MT of paddy procured and large MSP and input subsidy payments, as the Feb 20 budget will map the investment path.