Economy of Odisha
Bhubaneswar, the capital city of Odisha. | |
| Statistics | |
|---|---|
| Population | 4,70,00,000 (2023) |
| GDP |
|
| GDP rank | 15th (2025-26) |
GDP growth | 12 % (2025-26 est.) (current prices) |
GDP per capita | ₹195,096 (US$2,300) (2025-26 est.) |
GDP per capita rank | 21st (2023–24) |
GDP by sector | Agriculture & Mining
21% Industry 43% Services 36% (2023–24) |
| 7.1% | |
Population below poverty line | 11.07% 18th in poverty (2022–23) |
| 0.31 (2009–10) | |
| Unemployment | 1.7% (Nov 2020) |
| Public finances | |
| 12.7% of GSDP (2025-26 BE) | |
| ₹34,203 crore (US$4.0 billion) (3.2% of GSDP) (2025-26 est.) | |
| Revenues | ₹2.32 lakh crore (US$27 billion) (2025-26 est.) |
| Expenses | ₹2.66 lakh crore (US$31 billion) (2025-26 est.) |
All values, unless otherwise stated, are in US dollars. | |
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The economy of Odisha is one of the fastest growing economies in India. According to 2023–24 economic survey, Odisha's gross state domestic product (GSDP) was expected to grow at 10.57%. Odisha's economy is in transition towards an industry and service-based economy from an agriculture-based economy.
According to recent estimates, the size of Odisha's economy has increased by 54.93% during the last five years in terms of the gross state domestic product (GSDP). Thereby, Odisha achieved an annual average growth rate of 5.3% during that period. Odisha is also one of the top FDI destinations in India. In the fiscal year 2011–12, Odisha received investment proposals worth ₹49,527 crore (US$9.296 billion). According to the Reserve Bank of India, It received ₹53,000 crore (US$8.33 billion) worth of new FDI commitments in the 2012–13 fiscal year.