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Subhadra Economic Impact to Be Over ₹1 Lakh Crore in 5 Years, Says Survey
The New Indian Express Bhubaneswar
|February 17, 2025
IMPLEMENTATION of Odisha government’s flagship ‘Subhadra’ scheme could lead to gross output impact in the range of ₹1 lakh crore to ₹1.5 lakh crore over a five-year period, says the Odisha Economic Survey 2024-25.
IMPLEMENTATION of Odisha government's flagship ‘Subhadra’ scheme could lead to gross output impact in the range of ₹1 lakh crore to ₹1.5 lakh crore over a five-year period, says the Odisha Economic Survey 2024-25.
It used the marginal propensity to consume (MPC) and input-output framework to calculate the impact. The MPC measures the proportion of additional income that a consumer spends on goods and services as opposed to saving it. For instance, an MPC of 0.8 indicates that for every extra rupee received, 80 paise are spent and 20 paise are saved.
This story is from the February 17, 2025 edition of The New Indian Express Bhubaneswar.
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