Odisha's Industrial Surge Under Naveen Patnaik: A Decade of Growth
Odisha, under the leadership of Naveen Patnaik, saw the highest industrial growth in India between 2015 and 2024. Fueled by the manufacturing sector, Odisha's GSVA grew at a compound annual growth rate of 10%, with the industry's share reaching 51% of the GSVA in 2024.
- Country:
- India
Odisha has emerged as a leader in industrial growth across India, a feat achieved during the tenure of BJD president Naveen Patnaik as the state's chief minister. Between 2015 and 2024, Odisha's Gross State Value Added (GSVA) grew at a compound annual growth rate (CAGR) of 10%, the highest in the country, according to a report by ICRA Limited.
Patnaik credits this industrial boom to the state's strategic focus on the manufacturing sector and its efforts to attract investment through initiatives like 'Make-in-Odisha' conclaves. By the year 2024, the industrial sector's contribution to GSVA had reached 51%, marking one of the highest shares nationwide.
Highlighting the broader economic impact, Patnaik noted that Odisha recorded the second-highest growth in GSVA at constant prices more than 7%, surpassing the national economic growth of 5.8%. He expressed gratitude to the 4.5 crore people of Odisha, attributing the state's transformation to their support.
(With inputs from agencies.)
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