Odisha Economic Survey 2024-25 bets on industrialisation & equality

During 2024-25, Odisha's economy grew by 10 per cent, and its size reached ₹9.6 trillion at current prices.

- Swastk Routray

The Economic Survey 2023-24 had affirmed that the relative contribution of industry needs to increase while that of agriculture should ideally decline. A transitional change such as this generates gainful employment by absorbing the excess labour force in the primary sector. Hence, during 2024-25, with conscious government policy decisions, the share of industry in total Gross Value Addition (GVA) increased to 44 per cent compared to 28 per cent in 2023-24. This significant rise in the contribution of industry so far has been instrumental in raising its workforce share (from 23 pc to 26 pc), thereby ensuring a corresponding decline in workforce share in agriculture (56 pc to 49 pc). Laudably, the workforce share in 2024-25 in the services sector has also jumped four per cent points during this time.