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Odisha’s growth rate will be at -4.92% in 2020-21, which is better than India’s growth at-7.7% during the period

Bhubaneswar:20/2/21: Odisha’s growth rate will be at -4.92% in 2020-21, which is better than India’s growth at-7.7% during the period. The Central Statistical Organization (CSO) pegged the country’s growth rate at -7.7% in 2020-21.

According to the State Economic Survey Report tabled in the State Assembly today ahead of the State Budget, the economy of Odisha grew at 7.1 per cent per annum during 2012-13 to 2019-20 and is expected to grow at -4.92 per cent in 2020-21.

The survey report tabled by Odisha Finance Minister Niranjan Pujari attributed the decline in the growth rate for 2020- 21 to the devastating impact of Covid-19 on the state economy. But the resilience of the state economy and effective governance measure in managing the pandemic would help the State to perform better. Otherwise the growth rate numbers would have been sharper, the report added.

As per the International Monetary Fund (IMF) assessment the world output is expected to grow at -4.9 per cent in 2020-21.

The Per Capita Income (PCI) of Odisha rose from Rs 48,499 in 2011-12 to Rs 1,04,566 in 2019-20 revised estimates registering an increase of about 115.60% over the period. During this period PCI-India surged from Rs 63,462 to Rs 1,34,226 i.e. by 111.51%.

“This suggests that over about a decade Per Capita Income of Odisha has grown faster than PCI-India. PCI-Odisha, which was about 76.42 per cent of the national PCI in 2011- 12, increased to 80.46 per cent in 2020-21. Per capita income of Odisha in 2019-20 (1st RE)at current prices is seen to be higher than that of Bihar, Uttar Pradesh, Jharkhand, Meghalaya, Madhya Pradesh and Chhattisgarh,” the report added.

The per-capita income of Odisha in 2020-21 is estimated at Rs 1,02,156 in comparison to Rs. 1,04,566 in 2019-20. The per-capita income of the state is expected to decline by 2.30 per cent as against the decline of 5.41 per cent at national level.

The share of agriculture and allied sectors in gross value added (GVA) of the state is estimated at 21.27%, while that of industry is 36.26% and contribution of services is 42.47% in 2020-21 in terms of the Advance Estimates.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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