Odisha Economics, covering Agriculture, Industries, Banking, Taxation, Budget, Employment, Infrastructure, and Government schemes
Agriculture & Allied Sectors
1. Agriculture contributes about 25% to Odisha’s Gross State Domestic Product (GSDP).
2. More than 60% of Odisha’s population depends on agriculture for livelihood.
3. The major food crop of Odisha is rice.
4. Odisha is known as the ‘Rice Bowl of Eastern India’.
5. The major cash crops of Odisha are jute, sugarcane, groundnut, and cotton.
6. Odisha is the largest producer of turmeric in India.
7. The Krishi Udan Scheme promotes agricultural exports from Odisha.
8. Nuakhai is the most important harvest festival of Odisha.
9. Odisha ranks third in India in total fish production.
10. The Blue Revolution promotes fisheries and aquaculture in Odisha.
11. The Odisha Millet Mission promotes the cultivation of ragi (finger millet).
12. The Biju Krushak Kalyan Yojana (BKKY) provides health insurance for farmers.
13. Odisha Farmer Producer Organizations (FPOs) help small farmers in marketing their produce.
14. The Odisha Agriculture Policy 2020 focuses on sustainable farming.
15. The Odisha University of Agriculture and Technology (OUAT) is one of India’s premier agricultural universities.
16. The Pradhan Mantri Fasal Bima Yojana (PMFBY) is implemented in Odisha for crop insurance.
17. Odisha is one of the largest producers of cashew nuts in India.
18. The Odisha Agro Industries Corporation (OAIC) promotes mechanized farming.
19. Odisha ranks fourth in India in terms of egg production.
20. The National Horticulture Mission (NHM) is implemented in Odisha to promote fruit and vegetable farming.
21. The Odisha State Seeds Corporation ensures quality seed distribution to farmers.
22. Odisha ranks first in India in the production of sweet potato.
23. Fisheries and Animal Resources Development Department oversees livestock farming in Odisha.
24. Odisha Livestock Development Policy promotes dairy, poultry, and goat farming.
25. KALIA (Krushak Assistance for Livelihood and Income Augmentation) is Odisha’s flagship farmer welfare scheme.
26. Odisha produces over 6.5 million tonnes of paddy annually.
27. Odisha is a leading producer of black gram and green gram.
28. The National Mission on Sustainable Agriculture (NMSA) is implemented in Odisha.
29. The Odisha Lift Irrigation Corporation (OLIC) promotes irrigation projects.
30. The Odisha Watershed Development Mission helps in rainwater harvesting.
31. The Baitarani, Brahmani, and Mahanadi rivers are important for irrigation in Odisha.
32. Hirakud Dam is the largest multipurpose irrigation project in Odisha.
33. Odisha ranks second in India in brackish water aquaculture.
34. The State Fisheries Policy, 2015 promotes sustainable fisheries in Odisha.
35. The Odisha Farm Mechanization Programme encourages farmers to use modern machinery.
36. The Odisha Horticulture Mission promotes floriculture and spice farming.
37. Odisha accounts for 10% of India’s total prawn exports.
38. The Integrated Watershed Management Programme (IWMP) is implemented in Odisha.
39. The Odisha Dairy Development Policy promotes milk production.
40. The Odisha State Agricultural Marketing Board oversees mandis and market regulation.
41. Odisha ranks fifth in India in coconut production.
42. The Rastriya Krishi Vikas Yojana (RKVY) is implemented in Odisha.
43. Odisha ranks third in India in forest-based minor produce like tamarind and mahua.
44. Koraput Coffee is a GI-tagged product from Odisha.
45. The Mission Shakti Self-Help Groups (SHGs) help women farmers in Odisha.
46. Odisha has 10 Agro Climatic Zones suitable for different types of crops.
47. The Odisha Agricultural Credit Stabilization Fund provides financial aid to farmers.
48. Paddy procurement in Odisha is managed by the Odisha State Civil Supplies Corporation (OSCSC).
49. Mayurbhanj and Sundargarh districts are known for their organic farming.
50. The Odisha State Cashew Development Corporation (OSCDC) promotes cashew cultivation.
Industries & Minerals
51. Odisha is the largest producer of bauxite in India.
52. NALCO (National Aluminium Company Limited) is headquartered in Bhubaneswar.
53. The Daitari Mines are famous for iron ore production.
54. The Sukinda Valley has one of the world’s largest chromite reserves.
55. Rourkela Steel Plant (RSP) was India’s first public sector steel plant.
56. Odisha produces 90% of India’s chromite ore.
57. The Odisha Industrial Infrastructure Development Corporation (IDCO) promotes industrialization.
58. The Angul Aluminium Park is India’s first dedicated aluminium industrial park.
59. The Odisha Economic Corridor is part of the East Coast Economic Corridor.
60. The Odisha MSME Development Policy 2016 promotes small industries.
61. Paradip Refinery is one of India’s largest petroleum refineries.
62. The Make in Odisha Conclave promotes industrial investment.
63. Odisha ranks third in India in terms of iron ore production.
64. The Odisha Film Development Corporation (OFDC) promotes the Odia film industry.
65. The Odisha Handicrafts Development Policy supports artisans.
66. Odisha is famous for Sambalpuri textiles and silver filigree work.
67. The Mega Food Park in Rayagada promotes food processing industries.
68. The Odisha Mining Corporation (OMC) is a state-run mining enterprise.
69. Jharsuguda is known as the ‘Powerhouse of Odisha’ due to its thermal plants.
70. The Rourkela Industrial Belt is a major steel-producing region.
71. Odisha’s Special Economic Zones (SEZs) include Paradip and Gopalpur.
72. Gopalpur Port is an emerging commercial port in Odisha.
73. Odisha is a hub for coal production, with mines in Talcher and Ib Valley.
74. The Odisha Industrial Policy Resolution (IPR) 2022 focuses on ease of doing business.
75. The Odisha Bamboo Development Agency promotes bamboo-based industries.
76. Odisha is among the top states in India for seafood exports.
77. The Odisha Special Economic Zone (OSEZ) promotes export industries.
78. Odisha ranks second in India in limestone production.
79. The Kalinganagar Industrial Complex is a major steel hub.
80. Rayagada is known as the ‘Paper Town of Odisha’.
81. The Bhubaneswar IT Park is one of India’s fastest-growing IT hubs.
82. Odisha’s FDI inflow is among the highest in eastern India.
83. The Odisha Start-up Policy supports entrepreneurship.
84. Odisha exports iron ore, minerals, seafood, and textiles.
85. Paradeep Phosphates Limited (PPL) is a major fertilizer plant.
86. Jajpur district is a growing industrial hub in Odisha.
87. Odisha is among the top five states in cement production.
88. Odisha’s tourism industry contributes significantly to its economy.
89. Hindalco operates bauxite mines in Odisha.
90. Odisha accounts for 40% of India’s total mineral wealth.
91. The Odisha Craft Policy 2018 promotes local handicrafts.
92. Odisha’s salt industry is concentrated in Ganjam and Balasore.
93. The Odisha MSME Corporation supports small businesses.
94. Odisha has five operational industrial corridors.
95. Berhampur is a hub for brass and bell metal works.
96. Odisha is India’s third-largest steel-producing state.
97. The Odisha Transport Policy 2020 focuses on logistics development.
98. Jharsuguda has a major aluminium smelting plant.
99. Balangir and Boudh districts are emerging industrial zones.
100. Odisha’s major trading partners include China, Japan, and the UAE.
Banking & Financial Sector
101. Odisha’s Gross State Domestic Product (GSDP) in 2023-24 was estimated at ₹7.28 lakh crore.
102. Odisha ranks among the top 10 states in India in terms of economic growth.
103. The Odisha Fiscal Responsibility and Budget Management (FRBM) Act ensures financial discipline.
104. The Reserve Bank of India (RBI) Bhubaneswar Office was established in 1963.
105. Odisha State Cooperative Bank (OSCB) is the apex cooperative banking institution in the state.
106. The Odisha Gramya Bank (OGB) is a leading regional rural bank (RRB).
107. Utkal Grameen Bank serves rural Odisha through microfinance and agricultural loans.
108. The Odisha Financial Corporation (OFC) provides loans to MSMEs and entrepreneurs.
109. Odisha’s per capita income in 2023-24 was approximately ₹1.48 lakh.
110. Odisha ranks among the top five states in financial inclusion in India.
111. Odisha has over 7,000 bank branches, covering both rural and urban areas.
112. The State Bank of India (SBI) has the largest banking network in Odisha.
113. The Odisha Credit Guarantee Scheme supports small businesses.
114. Microfinance institutions like SKS and Annapurna Finance have a strong presence in Odisha.
115. Odisha leads in digital banking adoption among eastern states.
116. Bhubaneswar is a hub for fintech startups in Odisha.
117. Utkal Cooperative Bank is one of the oldest cooperative banks in Odisha.
118. Odisha’s agricultural loan disbursement exceeds ₹50,000 crore annually.
119. Financial literacy programs are conducted under Odisha’s ‘Ama Bank’ initiative.
120. The Odisha Women Self-Help Group (SHG) Program promotes financial inclusion.
121. Odisha’s primary sector accounts for over 35% of total employment.
122. Over 70% of Odisha’s workforce is engaged in the informal sector.
123. The Odisha Skill Development Authority (OSDA) provides skill training.
124. The Mukhyamantri Karma Tatpara Abhiyan (MUKTA) promotes urban employment.
125. Odisha’s startup ecosystem has over 2,000 registered startups.
126. The Odisha Startup Policy 2016 aims to make Odisha a startup hub.
127. The Odisha MSME Policy 2016 supports small and medium enterprises.
128. Odisha Skill Development Mission focuses on youth training programs.
129. Odisha is the leading eastern state in MSME development.
130. The Odisha Handloom and Handicraft Development Corporation (Boyanika) supports artisans.
131. Odisha’s export value crossed ₹1 lakh crore in 2022-23.
132. Bhubaneswar ranks among India’s top 10 smart cities for urban infrastructure.
133. Odisha’s road network covers over 2.5 lakh kilometers.
134. The Biju Expressway is a major highway project in western Odisha.
135. The Paradip-Bhubaneswar Industrial Corridor is a major logistics hub.
136. The Odisha Rail Infrastructure Development Corporation (ORIDC) manages railway projects.
137. The Bhubaneswar Metro Rail Project is in the planning stage.
138. The state’s first inland waterway terminal is being developed at Paradip.
139. Odisha’s power generation capacity exceeds 10,000 MW.
140. Odisha’s renewable energy target is 5,000 MW by 2030.
141. Odisha is among India’s leading states in solar energy production.
142. The Odisha Energy Development Agency (OEDA) promotes clean energy projects.
143. The Green Energy Corridor Project connects Odisha’s renewable power grid.
144. Odisha has over 10 operational airports, including Jharsuguda and Rourkela.
145. The Biju Patnaik International Airport is Odisha’s busiest airport.
146. Odisha’s Smart City Program includes Bhubaneswar and Rourkela.
147. Odisha’s port-based economy is among the fastest-growing in India.
148. The Odisha Maritime Board (OMB) oversees port development.
149. The Odisha Coastal Highway Project will improve trade connectivity.
150. The proposed Subarnarekha Port will boost maritime trade.
Government Schemes & Employment
151. Odisha ranks among the top five states in MGNREGA implementation.
152. Mission Shakti has empowered over 70 lakh women through SHGs.
153. Odisha ranks second in India in rural employment generation.
154. The Biju Swasthya Kalyan Yojana (BSKY) is Odisha’s flagship health insurance scheme.
155. The Ama Gaon Ama Vikas Program promotes rural infrastructure.
156. Odisha’s Education Budget crossed ₹25,000 crore in 2023.
157. Odisha’s IT sector contributes over ₹10,000 crore annually to the economy.
158. Odisha is a leading exporter of IT services in eastern India.
159. The Odisha Data Policy 2021 aims to boost digital governance.
160. Odisha ranks among the top five states in ease of doing business.
161. Bhubaneswar is among India’s fastest-growing IT hubs.
162. The Odisha Tourism Policy 2021 aims to increase tourist footfall.
163. Puri, Konark, and Bhubaneswar form Odisha’s Golden Triangle of tourism.
164. Odisha’s eco-tourism sector is growing rapidly.
165. The Odisha Film Policy 2019 promotes the Odia film industry.
166. Odisha’s annual budget in 2023-24 was ₹2.3 lakh crore.
167. Odisha ranks among the top states in foreign direct investment (FDI).
168. The Odisha Mining Policy 2020 focuses on sustainable mining.
169. Odisha’s budget allocation for MSMEs crossed ₹1,500 crore in 2023.
170. The Odisha Fisheries Policy 2015 promotes seafood exports.
171. Odisha’s food processing industry is among the fastest-growing in India.
172. The Odisha Craft Village Scheme supports rural artisans.
173. Odisha’s rural economy is supported by over 60,000 cooperative societies.
174. The Odisha Integrated Irrigation Project aims to cover 10 lakh hectares.
175. Odisha ranks second in India in millet production.
176. Odisha’s school enrollment rate has increased under the Mo School initiative.
177. Odisha’s startup incubation centers include O-Hub in Bhubaneswar.
178. The Odisha Startup Policy aims to create 5,000 startups by 2025.
179. The Odisha Transport Policy 2022 promotes electric vehicles (EVs).
180. Odisha’s forest economy contributes significantly to tribal livelihoods.
181. The Odisha Disaster Preparedness Model is recognized globally.
182. Odisha’s maritime economy is growing due to increased port capacity.
183. The Odisha Labour Welfare Fund supports industrial workers.
184. The Odisha Smart City Mission includes 10 key projects.
185. The Odisha Renewable Energy Policy 2022 promotes green energy.
186. Odisha’s startup investment funding crossed ₹500 crore in 2023.
187. The Odisha Film Development Corporation promotes filmmaking.
188. Odisha is India’s leading state in handloom cluster development.
189. The Odisha EV Policy 2021 encourages electric mobility.
190. Odisha’s logistics sector is growing due to its industrial corridors.
191. The Odisha Health Infrastructure Mission focuses on hospital modernization.
192. The Odisha IT Export Policy 2023 aims to boost IT revenue.
193. Odisha’s urban economy contributes over 40% to GSDP.
194. The Odisha Agri Export Policy 2020 supports food exports.
195. Odisha’s foreign trade includes iron ore, seafood, and textiles.
196. The Odisha Heritage Tourism Plan aims to restore ancient sites.
197. Odisha is developing rural BPOs to promote employment.
198. Odisha’s food grain production exceeded 12 million tonnes in 2023.
199. Odisha ranks among India’s top states in startup incubation.
200. Odisha’s economy is projected to grow at 8% annually.
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