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Odisha Economic Survey Report 2021-22 was circulated in the Odisha Legislative Assembly

Bhubaneswar: 29/3/22:The Odisha Economic Survey Report 2021-22 was circulated in the Odisha Legislative Assembly on Tuesday.

Following are the key highlights: –

Economic Growth

The Report highlights Odisha as one of the fastest-growing states in the Country and is expected to grow at 10.1 percent in 2021-22 which is higher than National growth rate of 8.8 percent. The industry sector is expected to grow strongly by 14.5 percent largely due to the stellar performance of manufacturing and mining and quarrying sub-sectors which grew at 14.3 percent and 18.1 percent respectively. Services sector is estimated to grow by 7.9 percent in 2021-22. Agriculture and allied sectors GSVA are likely to contract by 3.4 percent in 2021-22 largely due to the incidence of natural calamities like drought, unseasonal rain and cyclone JAWAD, GULAB and YAAS.

Share of Different Sectors of the State’s Economy

The share of Agriculture & Allied in GSVA is 20.06 percent, Industry Sector share is 39.5 percent and share of service sector is 39.9 percent.

Per capita Income

Per capita income has grown significantly at 16.8 per cent In 2021-22, to reach Rs 1,27,383 from 1,09,071 in 2020-21.  Further as per the Survey Report, the unemployment rate of Odisha declined from 7.1 percent in 2017-18 to 6.2 percent in 2019-20 in comparison to 4.8 percent at National level.

Inflation

The inflation rate in the state was also low at 2.7 percent in 2021-22 (April-January) compared to 5.3 percent at all Indian levels during the same period.

State’s Fiscal Position

With sustained revenue collection and better expenditure management,  the state has consistently reported a revenue surplus and maintained a fiscal deficit within the FRBM Act mandated level of 3.5 percent of GSDP. Revenue receipts in the state have increased significantly in 2021-22 (BE) at 17.2 percent to reach INR 1,25,600 crore from INR 1,07,200  crore in 2020-21. The high share of developmental expenditures at 72.7 percent (2021-22 BE) in total expenditure is a positive indicator and shows the state’s commitment toward overall socio-economic development.

Power situation

Odisha is a power surplus state with power availability exceeding the demand.  The total installed capacity of all power projects (including share of power from central and other sources) in the state was 8018.25 MW in 2020-21 in comparison to 7676.69 MW in 2019-20.

Urban Growth

As per the Ministry of Health and Family Welfare, the urban population in the state was estimated at 84 lakhs in 2021 which was close to 18.5 percent of the total population of Odisha. Bhubaneshwar, one of the two ‘smart cities’ in Odisha secured the fourth rank among the top ten capital cities in India, in the ease of living index, 2021, released by the Ministry of Housing and Urban Affairs. In 2021, Puri became the first city in the country, to provide ‘Drink from Tap’ facility under the SUJAL mission of the government. It is also targeted to provide similar facilities to all other Urban Local Bodies by 2025. Under the Buxi Jagabandhu Assured Drinking water to all Habitation (BASUDHA), the state is also providing universal coverage of piped drinking water supply to all rural people. The state has targeted to provide safe drinking water in all villages by 2024-25.

Improved Health Indicators

Health expenditure as a percentage of GSDP in the state has increased from 1.19 percent in 2019-20 to 1.59 percent in 2021-22. The Neonatal Mortality Rate (NNMR), Infant Mortality Rate (IMR) and Under-5 Mortality Rate (U5MR) are continuously declining which indicates the improved health outcome in the State. As per NFHS-5 (2019-21), the prevalence of NNMR stood at 27, IMR at 36.3 and U5MR at 41.1 per 1000 live births declining from 28, 40 and 48 in NFHS-4 (2015-16) respectively. The state has taken several steps toward full Immunization. As per NFHS-5 (2019-21), Odisha has notably immunized 90.5 percent of its children aged 12-23 months as against the national average of 76.4 percent. The Maternal Mortality Ratio dropped to 136 in 2017-19 from 180 in 2014-16.

Empowerment of Women

Odisha government is actively engaged in building an empowered society. Through Mission SHAKTI, 70 lakh women are engaged in economic activities as members of 6.02 lakhs Women Self Help Groups (SHGs). Gender empowerment of the State is also reflected in the recently concluded Panchayati Raj Election of 2022. 50 percent of the seats are reserved for women from Ward to Zilla Parishad level. As a result, 56 percent of women are chosen as village Sarpanch, 57 percent as PS members, 66 percent as PS chairpersons, 55 percent as Zilla Parishad members and 70 percent as Zilla Parishad President.

High Gross Enrolment Ratio

Gross Enrolment Ratio (GER) at the elementary level is maintained at a high level over the past five years reaching 102.2 percent at the primary level and 98 percent for the upper primary. GER in higher education has increased from 16.10 in 2010-11 to 22.10 in 2018-19.

Decline in Poverty

The incidence of absolute poverty has declined significantly in the state. Multidimensional Poverty Index (MPI) of NITI Aayog shows that in comparison to India, the MPI  Head Count Ratio is higher in Odisha 25.01% in India vs. 29.35% in Odisha. But, the intensity of poverty is lower in Odisha in comparison to all India levels 47.13% in India vs. 46.42 % in Odisha.

About Editor in chief

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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