Abstract

The paper delves into the complex growth dynamics of the Odisha economy, highlighting the need for a deeper understanding of sectoral and state-level growth performance. Over the past three decades, from 1990-91 to 2021-22, it observes that the industrial and service sectors in Odisha have shown significant improvements in their growth rates, recording 5.68% and 7.74% respectively. However, the agriculture sector has lagged behind with a growth rate of 2.26%, indicating a concerning disparity among sectors. One notable finding of the paper is the emphasis on capital expenditure as a pivotal factor influencing Odisha's growth trajectory during this period. This underscores the importance of strategic planning and effective program implementation, which are suggested as crucial steps for Odisha to harness its abundant natural and human resources more efficiently. The research serves as a call to action for the state to focus on rigorous monitoring and structured planning to maximize its economic potential. In summary, the paper highlights the disparities in growth among sectors in Odisha over the past three decades, with industrial and service sectors outperforming agriculture. It identifies capital expenditure as a key determinant of growth and emphasizes the urgent need for strategic planning and meticulous program implementation to unlock the full economic potential of Odisha.

Keywords: Odisha Economy, Sectoral Growth, Capital Expenditure, Economic Disparity, Industrial Sector, Service Sector, Agriculture Growth, Strategic Planning, Public Investment, Economic Transformation