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Mea Assignment 2
Mea Assignment 2
Mea Assignment 2
SUBMITTED BY:
Somya Ranjan Nanda
21206072
KIIT
SUBMITTED TO:
Prof. Damodar Jena
The economy of Odisha is one of the fastest growing economies in India. The
economy of Odisha has grown at 7.1 percent per annum during the period 201213
to 2019- 20 (at constant 2011-12 basic prices) and expected to contract by 4.92
percent in 2020-21 as per the Advance Estimates. The decline in the growth rate
between 2019-20 and 2020-21 (Advance Estimate) is attributed to the impact of
Covid-19.
The Gross State Domestic Product (GSDP) of Odisha in 2021-22 (at current
prices) is projected to be Rs 5,86,000 crore. This is equivalent to a 6% annual
growth over the GSDP in 2019-20 (Rs 5,21,275 crore). In 2020-21, Odisha's
GSDP (at current prices) is estimated to contract by 2.2% over the previous year.
GDP of Odisha
Expenditure
However overall economic base of the state has emerged stronger which resulted
in a significantly less contraction of the overall state economy in comparison to
National scenario. With a stable governance system along with suitable and
timely government interventions the situation will mitigate and the state will take
the path of development in post pandemic period. Per-capita income of Odisha in
2020-21 is expected to reach INR 1,02,156 from INR 1,04,566 in 2019-20