The Gross State Domestic Product (GSDP) is the single most important tool to measure the economic growth rate of a State. As per the Advance estimates, the anticipated growth rate of of Odisha in 2014-15 is 8.78 percent at Market prices in real terms at 2004-05 base. The anticipated growth rate is 8.08 percent as per factor cost (9.02% at current Market Prices). Odisha’s economy expects to recover with resilience and strength after an economic slowdown with a low growth rate of 2.21 percent in 2013-14 at Market prices in real terms (1st revised). An upswing in the growth rate in 2014-15 may be attributed to higher growth rates in industry and service sectors rather than agriculture sector. During 2014-15, the growth rates may be impressive in construction sub sector (21.56 percent), Transport, storage & communication sector (12.18 percent), banking insurance sub sector (11.09 percent) and community, social & personal services sector (9.90 percent) in 2014-15.

The downturn in State economy in 2013-14 may be attributed to the negative growth of 9.78 percent (at factor cost) in broad agriculture sector of the State due to the occurrence of severe cyclone “Phailin” followed by flash floods in October 2013. Agriculture production and procurement along with yield rates, paddy in particular, fell sharply in 2013-14 as compared to the bumper production in 2012-13. Manufacturing sector recorded very low growth rate of 2.16 percent (at factor cost) in 2013-14 (1st revised estimates) after a negative growth rate of 3.47 percent (at factor cost) in 2012-13 (2nd revised estimates). Stagnated growth rate in construction sub sector (-0.04 percent), trade, hotel & restaurants sub sector (0.17 percent) and negative growth rate in public administration sub sector (-1.98 percent) in 2013-14 added to the downswing of over all growth rate of Odisha during the year. However, few sub sectors although have lesser share of contribution to total GSDP of the State, like fishery (with 10.91 percent growth rate), transport by other means (7.48 percent), communication (13.02 percent growth rate), banking insurance (12.13 percent growth rate) and other services( 7.65 percent growth rate) grew impressively during 2013-14.

During 11th Plan period, banking and insurance subsectors of the State grew significantly with a robust annual average growth rate of 17.77 percent (at factor cost) followed by communication (12.73 percent), registered manufacturing (10.21 percent), transport by other means (11.15 percent), trade, hotel & restaurants (9.36 percent), storage (10.14 percent) and other services (8.50 percent). The banking sub sector (12.08 percent), storage(11.6 percent), transport by other means(10.4 percent) and fishery sub sector ( 10.3 percent ) registered notable annual average growth rates during the 1st three years of 12th plan period, Annex. 2.1 shows Gross and Net State Domestic Products both at current and constant (2004-05) prices from 1950-51 to 2014-15.

  

ECONOMICS OF THE STATE ODISHA (Year-2000)

Contribution to the different sectors to GNP (Gross National Product) in Million

Primary sector

143407.2

Secondary sector

67535

Tertiary sector

49036.7

Total

259978.9

Export Potential in Million Rupees

Gross Export

26614.68

Gross Import

NA

Fish Production in Million Rupees

Inland Fish Production

26614.68

Marine Fish Production

121.09

Socio Economic Activities (Labour % and Contribution to GNP in %)

 

Labour in %

GNP in %

Cultivation

38.7

NA

Agricultural 

25.1

NA

Livestock/Forestry/Fishing/Hunting/Plantation 

1.6

17.59

Mining & Quarrying 

0.8

NA

Manufacturing/Processing/Servicing/Repairs in Household Ind.

2.7

NA

Manufacturing/Processing/Servicing/Repairs in Non-Household Ind.

3.1

NA

Construction

0.8

44.51

Trade & Commerce 

4.7

0.3

Transport,Storage & Communications

1.5

9.55

Other Services 

8.3

27.41

Poverty

Household below Poverty Line

NA

No. of Poor

17325666

Employed

798000

Unemployed

968000

Child Labour

NA





N.B.:- The Given Socio Economic Activities data are upto 1991 Census. And the given data of Inland Fish Production is the total Fish Production.

 

ECONOMICS (Year-2001)

Contribution to the different sectors to GNP (Gross National Product) in Million

Primary sector

133849.3

Secondary sector

68472.2

Tertiary sector

523957

Total

726278.5

Export Potential in Million Rupees

Gross Export

8952.67

Gross Import

NA

Fish Production in Million Rupees

Inland Fish Production

168.06

Marine Fish Production

281.95

Socio Economic Activities (Labour % and Contribution to GNP in %)

 

Labour in %

GNP in %

Cultivation

38.7

NA

Agricultural 

25.1

NA

Livestock/Forestry/Fishing/Hunting/Plantation 

1.6

17.59

Mining & Quarrying 

0.8

NA

Manufacturing/Processing/Servicing/Repairs in Household Ind.

2.7

NA

Manufacturing/Processing/Servicing/Repairs in Non-Household Ind.

3.1

NA

Construction

0.8

44.51

Trade & Commerce 

1.5

9.55

Transport,Storage & Communications

1.5

9.55

Other Services 

8.3

27.41

Poverty

Household below Poverty Line

NA

No. of Poor

17325666

Employed

806000

Unemployed

906000

Child Labour

378000





N.B.:- The Given Socio Economic Activities data are upto 1991 Census. 


ECONOMICS (Year-2002)

Contribution to the different sectors to GNP (Gross National Product) in Million

Primary sector

151450.1

Secondary sector

57121.7

Tertiary sector

63185.1

Total

271756.9

Export Potential in Million Rupees

Gross Export

29161.8

Gross Import

NA

Fish Production in Million Rupees

Inland Fish Production

174.38

Marine Fish Production

115.01

Socio Economic Activities (Labour % and Contribution to GNP in %)

 

Labour in %

GNP in %

Cultivation

24.1

NA

Agricultural 

14.7

NA

Livestock/Forestry/Fishing/Hunting/Plantation 

NA

NA

Mining & Quarrying 

NA

NA

Manufacturing/Processing/Servicing/Repairs in Household Ind.

2.8

NA

Manufacturing/Processing/Servicing/Repairs in Non-Household Ind.

NA

NA

Construction

NA

NA

Trade & Commerce 

NA

NA

Transport,Storage & Communications

NA

NA

Other Services 

25.6

 

Poverty

Household below Poverty Line

 NA

No. of Poor

NA

Employed

NA

Unemployed

762000

Child Labour

NA





N.B.:- The Given Socio Economic Activities data are upto 1991 Census. 


ECONOMICS (Year-2003)

Contribution to the different sectors to GNP (Gross National Product) in Million

Primary sector

157539

Secondary sector

54990.8

Tertiary sector

67700.4

Total

280230.2

Export Potential in Million Rupees

Gross Export

40456.9

Gross Import

NA

Fish Production in Million Rupees

Inland Fish Production

190.07

Marine Fish Production

116.88

Socio Economic Activities (Labour % and Contribution to GNP in %)

 

Labour in %

GNP in %

Cultivation

24.1

NA

Agricultural 

14.7

NA

Livestock/Forestry/Fishing/Hunting/Plantation 

NA

NA

Mining & Quarrying 

NA

NA

Manufacturing/Processing/Servicing/Repairs in Household Ind.

2.8

NA

Manufacturing/Processing/Servicing/Repairs in Non-Household Ind.

NA

NA

Construction

NA

NA

Trade & Commerce 

NA

NA

Transport,Storage & Communications

NA

NA

Other Services 

25.6

NA

Poverty

Household below Poverty Line

 NA

No. of Poor

NA

Employed

NA

Unemployed

738000

Child Labour

NA





N.B.:- The Given Socio Economic Activities data are upto 1991 Census.


Source: Economic Survey