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Economic survey finds Odisha’s growth rate satisfactory

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Odisha Sun Times Bureau
Bhubaneswar, Mar 17:

Economic Survey Report for 2015-16 tabled in the Odisha Assembly on Thursday termed the growth rate of the state’s economy as satisfactory despite acute drought in the state.

Odisha Economic Survey 2015-16

The report said the state’s economic growth during the period has been 6.16 percent in comparison to 6.24 percent last fiscal.

During the period while service sector has recorded the highest 43 percent growth, industry has registered 36 percent and farm sector has attained 21 percent.

Similarly, while there has been an improvement in the financial status of the people across all sections, the per capita income stands at Rs 40,516 during the period. There has been a sharp fall in the number of persons living below the poverty line, the report pointed out.

While district-wise Sundargarh’s growth rate of 8.79 percent was the highest, Khordha’s stood at 7.6 percent and Deogarh had the lowest with 2 percent, the report stated.

According to the report per capita income in Nabarangpur district has been recorded the lowest at Rs 14,435, while Angul district has the highest per capita income.

Efforts are on bring the state’s per capita income at par with the national average of Rs 72,889, the report said.

The report claimed that the state has been highly successful in power and irrigation sector reforms.

Besides, the state has made substantial progress in the field of education with the state’s literacy rate being 72.9 percent, the report stated.