Odisha's GSDP growth pegged at 7.14% for FY18, higher than national average

Industry sector share falls to 34.8% of GSDP

Odisha’s gross state domestic product (GSDP) is projected to grow at the rate of 7.14 per cent in 2017-18, higher than the national average of 6.5 per cent, says the state’s Economic Survey.

The survey goes on to point that the state economy in 2016-17 expanded by a striking 10.39 per cent, according to the first Revised Estimates.

Odisha has shed the tag of a laggard state and is exhibiting strong catch-up growth, helping in the transformation of the economy. Between 2011 and 2017, while the state economy expanded by 53 per cent, its real per capita income increased by 42 per