3 months ago
2
“The full nationalist indebtedness of Odisha is projected to summation from 13.6% of Gross State Domestic Product (GSDP) to 15.7% implicit adjacent 5 years contempt State’s important emergence successful GSDP during past 2 decades and steadfast fiscal status,” says Odisha Economic Survey 2025-26 connected Thursday (February 19, 2026).
The Odisha Economic Survey 2025-26 was tabled successful Odisha Legislative Assembly up of State’s Budget presumption connected Friday (February 20, 2026).
The indebtedness to GSDP ratio successful Odisha has jumped to 13.6% successful 2025-26 aft remaining it astir 12% since 2022-23. The indebtedness to GSDP ratio was 12.3%, 11.7% and 12.3% successful 2022-23, 2023-24 and 2024-25 respectively.
“Total nationalist indebtedness is projected to increase, from 13.6% of GSDP successful 2025-26 Budget Estimate to astir 15.7% of GSDP by 2029-30 but stay wrong the permissible bounds implicit the mean term. This summation is apt to beryllium driven by fiscal deficits resulting from higher superior expenditures crossed assorted authorities programmes,” says the survey report.
It adds borrowing costs are anticipated to beryllium comparatively debased during this play owed to the availability of low-cost fiscal sources, which volition besides support main repayments comparatively manageable.
“Currently, the State’s aboriginal indebtedness outlook appears stable, though it remains taxable to the State Government’s argumentation priorities,” says the survey.
As per 2025-26 BE, Odisha’s nationalist indebtedness stood astatine ₹121,571 crore, consisting of interior indebtedness amounting to ₹94,095 crore and loans and advances from the Central Government totalling ₹27,476 crore.
The Economic Survey projected Odisha’s yearly maturation complaint astatine 7.9% successful 2025-26 higher than 7.2% successful the preceding year.
“It is substantially higher than semipermanent mean of 6.6% successful past 10 years (2014-15 to 2023-24). The State intends to support the momentum of increasing astatine complaint higher than semipermanent mean done targeted interventions,” says the report.
BJP hints astatine fielding 3 candidates for Rajya Sabha predetermination from Odisha
Besides, comparatively, Odisha has besides grown astatine complaint higher than reported astatine the nationalist level. “In 2025-26, all-India maturation is expected to beryllium 7.4% which is astir 0.5 percent constituent lower. Odisha is targeting to turn astatine higher than this complaint fixed the expected instrumentality to capital, capable assets envelope, and targeted argumentation interventions to code marketplace failures,” the Economic Survey predicts.
As per the survey, astir 41.3% of State Economy is contributed by manufacture assemblage followed by 39.1% done work assemblage and 19.6% via agriculture and allied sector. “Comparatively, publication of services assemblage is much aggravated astatine All-India level. This reflects Odisha’s robust manufacturing ecosystem and maturation experienced successful the past,” it says.
Similarly, per capita income (PCI), astatine existent prices, accrued by 9.2% from ₹1.71 lakh successful 2024-25 to ₹1.87 lakh successful 2025-26.
“Comparatively, astatine All-India level, maturation was 6.9%. Odisha is rapidly closing the spread with India’s per-capita income. In 2023-24, the spread was 18% which has been reduced to 15% successful 2025-26. This dependable emergence successful PCI has contributed to tangible improvements successful surviving standards successful Odisha, reflected successful improved socio-economic outcomes including greater ownership of durable assets, amended entree to acquisition and healthcare, and wide socio-economic progress,” the study further points out.
