Odisha’s Per-Capita Income Expected to Increase in Current Fiscal: Economic Survey Report
Bhubaneswar: The per-capita income in Odisha is expected to rise in the 2019-20 fiscal, as per the Economic Survey Report tabled in the State Legislative Assembly on Monday. According to the report, the per-capita income in 2019-20 is expected to hit Rs 1,01,587 from Rs 95,164 in 2018-19. The State’s per-capita net domestic product at [...]
Bhubaneswar: The per-capita income in Odisha is expected to rise in the 2019-20 fiscal, as per the Economic Survey Report tabled in the State Legislative Assembly on Monday.
According to the report, the per-capita income in 2019-20 is expected to hit Rs 1,01,587 from Rs 95,164 in 2018-19.
The State’s per-capita net domestic product at current price is estimated to grow at 6.75% in 2019-20.
The Services sector is the largest contributor to Odisha’s Gross Value Added (GVA) with 40.51% followed by Industries sector with 39.60% and Agriculture & allied sector with 19.90% in 2019-20(AE), the report said.
During the same period, Agriculture & allied sector is expected to achieve growth at constant price (2011-12) of 7.61%, while Industries sector will attain growth of 4.88% and Services sector with 6.84%, it projects.
The average annual inflation in Odisha based on CPI remained stable between 2% and 3% during 2017-18 to 2018-19 and increased to 3.8% in 2019-20 (till December), it added.
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