Orissa has anchored itself on a higher growth rate with the support of rapid industrialisation. Though there was a marginal fall in the growth rate during the previous fiscal, it was in line with the higher growth rate achieved during the 10th Plan period.
“The overall macro-economic performance during the 10th Plan has been quite good”, according to the latest economic survey report of the state. Orissa has achieved an average annual growth rate of 8.39% during the 10th Plan as against 5.3% during the 9th Plan period. The main constituent of this commendable performance is 27.58% growth rate achieved by the registered manufacturing sector.
“This shows that the state is in the process of improving to a higher sustainable growth rate mainly with the support of rapid industrialisation process,” the survey said.
The Economic Survey 2008-09, which was tabled in the Assembly on Wednesday, however said the state witnessed a marginal fall in gross state domestic product (GSDP) growth rate–from 9.35% in 2006-07 to 8.67% in 2007-08. The 1.7% downswing in the sectoral contribution of the primary sector over the previous year led to the fall, the survey said.
The GSDP increased from Rs 42,909.62 crore in 1999-2000 to Rs 73,542.26 crore in 2007-08 at 1999-2000 prices, registering a compound annual growth rate of 6.97%. The per captia income also increased during this period from Rs 13,096 in 2006-07 to Rs 16,195 in 2007-08 at constant 1999-2000 prices. But, the survey adds that the gap between per capita income in Orissa and the national level widened from Rs 5314 in 1999-2000 to Rs 6366 in 2003-04 to Rs 8061 in 2007-08.