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• The state‟s economy witnessed high growth rates between 2004-05 and 2013-14, with Strong economy GSDP expanding at a CAGR* of 15.7 per cent. • Odisha has emerged as a key state with regards to the mineral and metal based industries. The state leads in iron, steel, ferroalloy and aluminium production and has a 1 Hub for mineral-based strong base for coal based power generation. The mining sector accounted for 8.9 per cent of Odisha‟s GSDP during FY 2013-14 and grew at CAGR of 17.8 per cent from fiscal industries year 2004-05 to 2013-14. • Odisha offers investment opportunities for sponge iron units, induction furnaces, coal washeries, aluminium fluoride, power metallurgy and aluminium downstream.^ • Odisha accounts for around 55.0** per cent of India‟s bauxite reserves and is an ideal Highest aluminium location for setting up aluminium based companies. The state ranks first in the country in production capacity terms of both production capacity and actual output of aluminium. • Accounting for around 25.0** per cent of the country‟s iron ore deposits, Odisha is one of Strong iron and steel the favoured investment destinations for domestic and international iron and steel players sector as well as one of the largest producers of iron and steel in India. Source: **Annual Plan 2011-12 of Odisha 1CMIE, ^News article CAGR – Compound Annual Growth Rate; GSDP – Gross State Domestic Product, *Calculated in Rupee terms • The state has been witnessing a rise in the number of SSI/MSME units in recent years. Strong growth in The total number of MSME units during 2012-13 (until December, 2012) was 1.6 million SSI/MSME units and the corresponding number of people employed by those MSME units was 3.3 million.^ • Odisha is the first state in India to have undertaken reform and restructuring initiatives in Strong power sector the power sector. As of April 2014, the state had a total installed power generation capacity of 7,737.1* MW. • National Geographic Traveler magazine has named the state in its “50 Tours of a Lifetime” list in the 2013 edition. During 2012, 9,052,871 domestic tourists and 64,719 foreign Strong tourism sector tourists visited Odisha yielding a year on year growth rate of 9.5 per cent for domestic and 6.6 per cent for foreign tourists over 2011 numbers**. Source: ^Ministry of Micro, Small and Medium Enterprises *Central Electrical Authority **Ministry of Tourism SSI – Small Scale Industry MSME – Micro, Small and Medium Enterprises FY2000-10 HighGrowing economic demand growth Policy, fiscal incentives and FY2011-20 • The state‟s GSDP expanded at a initiatives 2.7 per cent compound annual growth rate 4.1 per cent • The state offers a wide range of fiscal (CAGR) of 15.7 per cent between share in and policy incentives for businesses share in 2004-05 and 2013-14. India's under the Industrial Policy Resolution, India's incremental • The tertiary sector recorded the 2007. incremental highest growth of 16.9 per cent GDP • Additionally, the state has sector- GDP among all the sectors between 2004- specific policies for IT and micro, 05 and 2013-14*. small and medium enterprises. • The state government has constituted „Team Odisha‟ to help with Advantage investment promotion. Odisha Rich labour pool Facilitating infrastructure • The state has a literacy rate of 73.5** • Odisha has a well-developed social, per cent and therefore has a large physical and industrial infrastructure, base of skilled labour, making it an and the state government has ideal destination for the mineral-based undertaken several infrastructural industry. projects to further promote overall • Furthermore, the state has a large development. pool of semi-skilled and unskilled • The state‟s infrastructure includes well- labour. connected road and rail networks, airports, ports, power, and telecom. Source: *CMIE **Economic Survey of Odisha, 2013-14 • To develop industrial parks with quality infrastructure, to • To improve rural healthcare system, to encourage micro-enterprises provide quality emergency healthcare as ancillaries and to pave the facilities, to patronise health insurance, way for cost & technology to imbibe health and hygiene content in orientation by encouraging education system, etc. competition. • To enhance the use of • To improve connectivity by information technology (IT) to Health Industrial increasing road and rail ensure transparency and Development density and to improve speed. passenger services. • To minimise interface between • To provide universal access Govt. Services public and government for to power, irrigation and to and dealings. Infrastructure improve urban infrastructure Administration Vision as well. 2022 Tourism & Growth and • To protect historical Culture Well-Being • To frame concerted strategies monuments through proper to address various issues of renovation. unemployment and rural well Education & • To nurture and promote Agriculture being. Skill classical music, dance and • To bring about growth with literature. Development equity. • To improve the productivity of the • To foster technical and vocational sector, to encourage modern education and skill development agricultural practices, to bring programmes. insurance schemes for farmers • To establish educational townships. against natural disasters, etc. Source: Confederation of Indian Industry Bhubaneswar, Ganjam, Cuttack, Mayurbhanj, Baleshwar, Khordha and Sundargarh are some of the large cities in terms of population. Odisha has three major seasons, summer (March to June), monsoon (July to September) and winter (October to February). Parameters Odisha Capital Bhubaneswar Geographical area (sq km) 155,707 Administrative districts (No) 30 Population density (persons per sq 270* km) Source: Maps of India Total population (million) 42.0* Male population (million) 21.2* Odisha is located in the eastern region of India. The state shares its borders with West Bengal in the north-east, Female population (million) 20.8* Jharkhand in the north, Andhra Pradesh in the south, Sex ratio (females per 1,000 males) 979* Chhattisgarh in the west, and the Bay of Bengal in the east. Literacy rate (%) 73.5** Languages spoken in the state are Oriya and its various dialects, Hindi and English. Source: Economic Survey of Odisha, 2011-12, *Census 2011, **Economic Survey of Odisha, 2012-13 Parameter Odisha All States Source Economy GSDP as a percentage of all states‟ GSDP 2.8 100.0 Planning Commission Databook, June 2014 Average GSDP growth rate* (%) 15.7 15.5 Planning Commission Databook, June 2014 Per capita GSDP (US$) 1,103.5 1,414.4 Planning Commission Databook, June 2014 Physical infrastructure Installed power capacity (MW) 7,737.1 249,488.30 Central Electricity Authority, as of April 2014 Telecom Regulatory Authority of India, as of Wireless subscribers (No) 25,125,573 910,157,975 May 2014 Ministry of Communications & Information Broadband subscribers (No) 215,554** 65,330,000 Technology, as of May 2014 National highway length (km) 4,644.5 79,116.0 National Highways Authority of India Major and minor ports (No) 1+2 13 + 187 Indian Ports Association Airports (No) 1 133 Airports Authority of India SRS: Sample Registration System *In Indian Rupee terms, **In 2011-12 Parameter Odisha All-States Source Social indicators Literacy rate (%) 73.5 73.0 Economic Survey of Odisha, 2012-13 Birth rate (per 1,000 population) 19.9 21.6 Planning Commission Data Book, June 2014 Investment Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 0.4 223.0 April 2000 to May 2014 Outstanding investments (US$ billion) 189.1 2,414.2 CMIE (2013-14) Industrial infrastructure PPP projects (No) 41 1,339 www.pppindiadatabase.com SEZs (No) 5 392 Notified as of July 2013, www.sezindia.nic.in SRS: Sample Registration System, PPP: Public Private Partnership, SEZ: Special Economic Zone At current prices, Odisha‟s expected total GSDP was about GSDP of Odisha at current prices (in US$ billion) US$ 47.8* billion in 2013-14. 45.8 47.0 47.8 The state‟s GSDP expanded at a CAGR of 15.7* per cent CAGR 43.3 between 2004-05 and 2013-14. 15.7%* 34.4 32.1 32.2 22.6 19.3 17.3 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014 *CAGR calculated in Rupee terms GSDP: Gross State Domestic Product; CAGR: Compound Annual Growth Rate Odisha‟s total NSDP was about US$ 39.0 billion in 2013-14. NSDP of Odisha at current prices (in US$ billion) The state‟s NSDP increased at a CAGR of 14.8* per cent 37.7 38.8 39.0 between 2004-05 and 2013-14. 36.1 28.6 CAGR 27.6 14.8%* 27.6 19.5 16.7 15.2 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014 *CAGR calculated in Rupee terms NSDP: Net State Domestic Product; CAGR: Compound Annual Growth Rate Odisha‟s per capita GSDP in 2013-14 was US$ 1,103.5 Per capita GSDP (US$) compared with US$ 450.3 in 2004-05. Per capita GSDP expanded at a CAGR of 14.2* per cent 1,099.4 1,103.5 between 2004-05 and 2013-14. 1,039.0 1,084.0 CAGR 801.3 835.5 14.2%* 792.9 570.6 450.3 494.0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014 *CAGR calculated in Rupee terms Odisha‟s per capita NSDP in 2013-14 was US$ 899.8 Per capita NSDP (US$) compared with US$ 393.9 in 2004-05. 906.7 866.7 893.3 899.8 Per capita NSDP increased at a CAGR of 13.3* per cent CAGR between 2004-05 and 2013-14.
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