Bhubaneswar: Odisha Economy is projected to register higher growth of about 8 Percent in 2024-25.
While World Economic Outlook projections predict global growth this year and next will hold steady at 3.2 Percent, Odisha projection is much higher.
Recent Fiscal Analysis shows that Odisha is eyeing for faster growth and there will be more Gross Domestic Product (GDP) hike.
The Reserve Bank of India (RBI) in its Latest Monetary Policy has raised India’s real GDP growth forecast.
In case of current financial year 2024-25 to 7.2 Percent from 7 Percent last Fiscal.
Under this backdrop, Odisha has sought for more Special Assistance especially under Untied Part of the Scheme for Special Assistance to State for Capital Investment during 2024-25.
In the Interim Budget 2024-25, the allocation of State for Capital Investment (SACI) was kept at Rs.1.30 Lakh Crore.
State Government has requested for more SACI in view of the better utilization of funds and timely achievement of project milestons.