Odisha News Insight

Odisha ranks 4th from Bottom in Per Capita Income

per capita incomeOdisha stands at fourth from the bottom in per capital income in India, as per the recent Odisha Economic Survey Report 2014-15. The development project of the state government proved just hype not more than that as the state ranked low among other states.

The average of national per capita income stands at Rs 39,904 and per capita of income of Odisha stands at Rs 28,384 according to the report. The last four states at the bottom in the list are Odisha, Assam, Uttar Pradesh and Bihar.

Jharsuguda tops the list of districts. Nabarangpur is at the bottom for having low per capita income in the districts category. In the macroeconomic indications, state has some good reason to smile at, as the Gross State Domestic Product (GSDP) of state is healthy as per report. For 2014-15, the GSDP of Odisha stood at 8.78 per cent from 2.21 per cent reported in 2013-14.

In Odisha, Service sector is the backbone of the state economy. The sector is contributing 15.4 per cent to the GSDP. The contribution from agriculture sector is at 15.4 per cent for 2014-15. And, industry sector is contributing 33.4 per cent to the state GDP. Among the districts, Sundargarh district has contributed highest to GSDP and Deogarh contributed lowest. The Odisha Budget for 2015-16 will be presented in the Assembly later today.

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