Orissa growth rate greater than National average in 10th 5 year plan.
AGRICULTURE & FARMING, INDUSTRY and INFRASTRUCTURE, INVESTMENTS and INVESTMENT PLANS, MINES and MINERALS, RESOURCE MOBILIZATION & BUDGETS, THINGS ODISHA N ODIA 5 Comments »Financial express reports that Orissa growth rate for the current year is better than national growth rate. National Industrial growth rate increased at 6.93% for the 11th plan period while in Orissa the growth rate was 11.34%. Simultaneously, while agricultural growth rate in the National context was 1.03% , in Orissa the growth rate was 3% across the 10th 5 year plan period. The overall growth rate was 7.3% for orissa as opposed to National growth rate of 6.5%. Excerpts from the article are as follows:
‘‘The growth rate of Orissa ws 7.3 % during the 10th plan period against the national average of 6.5%,’’ state finance minister Prafulla Ghadei said while replying to the discussion on Appropriation Bill in the state assembly.
Ghadei said the state was on growth path due to the strict fiscal discipline maintained by the government after Patnaik took over the reigns. ‘‘While the growth rate during the previous Congress regime was below the national average in 9th plan period, it increased in the 10th plan period,’’ he said.
Seeking to justify his argument, the finance minister pointed out that while national growth rate in agriculture was 1.03% during the 10th plan period, it was 3% in Orissa which was higher than many other states in the country.
While the national growth rate in industrial sector was confined to 6.96% in the 10th plan period, it was 11.34 % in Orissa, he said quoting what he claimed data obtained from the national sample survey. ‘‘Isn’t it an achievement of the Orissa government,’’ Ghadei asked the opposition, which earlier described the government as ‘non-performing’’. Referring to poverty, Ghadei said Orissa was ahead of neighbouring states like Jharkhand and Bihar in controlling poverty.”
The above reports prove a point that the state has gone beyond signing MOUs and creation of fruitful economic activity in the state, since that is reflected in the survey results.
We just need fruition of the big ticket investments which will result in even greater growth in the next 5 year plan. A note of caution though, current agricultural productivity is still below National average. A plan needs to be formulated to change the per hectare output in the state.
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