Bhubaneswar (Odisha) [India], March 30 (ANI): The real GSDP (Gross State Domestic Product) of Odisha has grown at a rate of 10.1 per cent as per advanced estimate, which is much higher than the national growth rate of 8.8 per cent, stated the Odisha Economic Survey 2021-22 which was tabled in the state Legislative Assembly on Tuesday.

"With prudent financial planning, Odisha's GSDP grew at 10.1 per cent in 2021-22 compared to 8.8 per cent growth in India's GDP. Odisha's economy continues to grow at a spectacular rate averaging a real growth rate of 9.2 per cent, from FY17 to FY22, leaving aside the COVID19 year," tweeted Chief Minister Naveen Patnaik.

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CMO further tweeted, "With rapid economic growth, capital investment, employment generation, Odisha's per capita income grew at 11.6 per cent between Financial Year 2017 to Financial Year 2022, compared to 8 per cent growth at the national level. Odisha's per capita income grew from Rs 48,499 in 2011-12 to Rs 1,27,383 in 2021-22."

The agriculture and allied sector accounted for 20.61 per cent of Gross State Value Added (GSVA) at current prices in 2021-22 against 23.63 per cent in 2020-21 (RE), stated the report.

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Per capita income has grown significantly at 16.8 per cent In 2021-22, to reach INR 1,27,383 from 1,09,071 in 2020-21. Further, as per the Survey Report, the unemployment rate of Odisha declined from 7.1 per cent in 2017-18 to 6.2 per cent in 2019-20 in comparison to 4.8 percent at the National level.

The inflation rate in the state was also low at 2.7 per cent in 2021-22 (April-January) compared to 5.3 per cent at all Indian levels during the same period. (ANI)

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