Bhubaneswar: The Odisha Government today released the Odisha Economic Survey 2021-22.
Here are the key highlights of the report:
• Odisha economy registered a sharp recovery in 2021-22 as per the advance estimate of Gross State Domestic Product (GSDP). Real GSDP has grown at a rate of 10.1 per cent. It is one of the fastest growing states in the country and registered a growth rate much higher than India’s GDP growth rate of 8.8 per cent as per the first advance estimate.
• Per capita income of Odisha has also grown at a double-digit rate of 16.8 per cent in 2021-22. The average growth of Odisha’s per capita income over the last ten years (2012-13 to 2021-22) is 10.3 per cent against 9.15 per cent growth rate in the case of India. Odisha’s per capita income of INR 48,499 in 2011-12 reached INR 1,27,383 in 2021-22.
• Industry sector grew at 14.5 per cent (Figure 29) followed by service sector with 7.9 per cent growth rate in 2021-22.
• Agriculture and allied sector registered a contraction of 3.4 per cent in 2021-22 due to drought, unseasonal rain, and Cyclone “JAWAD”. While natural calamities continue to affect agriculture in the state, agriculture and allied activities grew at an average rate of 9.5 per cent between 2018-19 to 2020-21 before the current contraction.
• As per the advance estimate of 2021-22, share of agriculture and allied activities in Gross State Value Added (GSVA in current prices) is 20.6 per cent , with service sector share of 39.9 per cent and industry sector share of 39.5 per cent.
• Odisha’s performance is better than all India in terms of Labour Force Participation Rate (LFPR), worker-population ratio (WPR) while unemployment rate is a little higher than all India. Nearly 55.3 per cent of the population aged 15+ in Odisha were part of the labour force in 2019-20. This is an increase from 48.3 percent in 2017-18 and higher than all India LFPR of 53.5 per cent.
• Odisha has managed a revenue surplus of 1.8 per cent between 2016-17 and 2021-22. Average Gross Fiscal Deficit was also 2.6 per cent for the state which was among the lowest when compared with major states.
• Agriculture and allied sector accounted for 20.61 per cent of Gross State Value Added (GSVA) at current prices in 2021-22 against 23.63 per cent in 2020-21 (RE).
• During the year 2020-21, the Net Sown Area increased by 1.54 per cent from 2019-20 and was recorded at 54.15 lakh hectares constituting about 35 per cent of the total geographical area in the state.
• During 2020-21, 175702.50 quintals of seeds have been supplied by the Odisha State Seeds Corporation (OSSC) to 2096 PACS and Large Area Multi- Purpose Societies (LAMPCS) for distribution to farmers.
• As per the Livestock Census 2019, the total livestock population in the state stood at 182 lakhs accounting for 3.39 per cent of India’s total livestock population, while poultry population was 274 lakhs, which was 3.22 per cent of the total poultry in the country.
• The fish production in the state has more than doubled from 413.89 thousand MT in 2013-14 to 872.97 thousand MT in 2020-21 registering a CAGR of 11.25 per cent during the same period.
• Odisha has a significant share in the country’s forest cover accounting for 52,156 sq. kms and constituting approximately 33.50 per cent of total geographical area of the state.
• In 2020-21, MGNREGS provided employment to a record number of 62.15 lakh persons which was 66 per cent higher as compared to 37.32 lakh persons in 2019-20.
• Industry sector in Odisha is poised to grow at 14.5 per cent as per advance estimate of 2021-22.
• In the state, till March 2021, 4,93,625 Micro, Small and Medium Enterprises (MSMEs) have been established with an investment of INR 23,689.31 crore and employment of 18,11,316 persons.
• Mining, after witnessing a sharp contraction in 2020-21, has bounced back with a real growth of 18 per cent. Within Industry, mining and quarrying has 1/5th share in gross value added.
• Odisha is a power surplus state with power availability exceeding the demand. The total installed capacity of all power projects (including share of power from central and other sources) in the state was 8018.25 MW in 2020-21 in comparison to 7423.00 MW in 2019-20.
• Three per cent of Odisha’s population was urban in 1941, which is estimated to have increased to 18.5 per cent in 2021. It is projected to reach around 21 per cent by 2036. The average annual urban growth of population in Odisha is 2.37 per cent compared to all India level growth rate of 2.76 per cent (2001-2011 Census).
• The share of health budget as percentage of GSDP has increased from 1.19 per cent in 2019-20 to 1.59 per cent in 2021-22.
• Odisha has notably immunized 90.5 percent of its children aged 12-23 months which is the highest in the country amongst major states.
• Odisha’s Gross Enrolment Ratio (GER) at the elementary level is maintained at a high level over the past five years reaching 92.26 per cent for primary level and 98 per cent for upper primary.
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