Bhubaneswar: Odisha Economic Survey 2025-26, presented by Chief Minister Shri Mohan Charan Majhi on February 19, 2026, in Odisha Legislative Assembly centers on the state’s emergence as a high-growth economy that is systematically outpacing national performance.
As the Minister in charge of Finance, Shri Majhi highlighted a defining shift: Odisha is no longer just growing but is actively converging with national income levels, driven by a real economic growth rate of 7.9 percent compared to India’s 7.4 percent. This trajectory is anchored by a massive surge in industrial investment, record-breaking foodgrain production, and a strategic commitment to capital outlay that leads the nation’s major states.+4
Economic Size and Growth Dynamics The state’s economy is estimated to reach 9.9 lakh crore in 2025-26, a 9.5 percent expansion from the previous year. This growth is supported by a rise in per capita income to 1,86,761, growing at 9.2 percent—significantly higher than the national average of 6.9 percent. These figures underscore a transition toward higher household prosperity and increased ownership of durable assets.+2
Industrial and Services Expansion The industrial sector has become a major pillar, contributing 41.3 percent to the Gross State Value Added (GSVA). In 2025 alone, the government approved 244 new projects with a proposed investment of 5.66 lakh crore, potentialy creating 3.35 lakh jobs. Simultaneously, the services sector is projected to grow by 9.3 percent, fueled by advancements in financial services and new policies targeting AI, semiconductors, and digital infrastructure.+2
Agricultural Resilience and Diversification Odisha continues to excel in agriculture, contributing 19.6 percent to the state economy. Foodgrain production reached a record 150.5 lakh metric tonnes in 2024-25. The state has also established itself as the 4th largest fish producer and the 3rd largest marine exporter in India, with shrimp exports reaching 4,708.1 crore.+1
Social Inclusion and Labor Trends The survey reports a significant rise in the Labor Force Participation Rate (LFPR) to 64.5 percent, with female participation jumping from 37.6 percent in 2022 to 48.7 percent in 2024. Social equity remains a priority, with near-universal school enrollment for ST and SC communities and the creation of over 16.4 lakh Lakhpati Didis under women empowerment initiatives.+2
Infrastructure and Sports Capital With the highest capital outlay-to-GSDP ratio (6.6 percent) among major states, Odisha is investing heavily in connectivity and urbanization. This includes the B-MAAN aviation initiative and the development of the BCPPER industrial-tourism corridor. Furthermore, as the Sports Capital of India, the state has allocated 1,319 crore to expand world-class sports facilities across all blocks.+3
Fiscal Discipline Despite aggressive spending, Odisha maintains the lowest debt-to-GSDP ratio (13.6 percent) among major Indian states. This fiscal health is supported by innovative budgeting practices, including gender, child, and nutrition budgeting, ensuring that growth remains both sustainable and inclusive.+1