Bhubaneswar

State economy growth in '12-13 likely to be 9.14%

PNS

Planning and Coordination Minister Maheswar Mohanty on Saturday said the average annual growth rate of 12 of the total 30 districts of the State was higher than the State average during 2005-06 to 2009-10 financial years.

He told the State Assembly that during 2005-06 to 2009-10, the average Gross District Domestic Product (GDDP) of the State was 8.36 per cent. However, the growth rate of GDDP of 12 districts was more than this State average.

These districts are Kandhamal, Sundargarha, Jharsuguda, Baleswar, Khurda, Rayagada, Jagatsinghpur, Subarnapur, Sambalpur, Keonjhar, Koraput and Balangir, he said.

Mohanty said Kandhamal had recorded the highest growth rate of 11.54 per cent followed by Sundargarh with 11.23 per cent, Jharsuguda 9.77 per cent, Baleswar 9.39 per cent, Khurda 9.30 per cent, Rayagada 9.21 per cent, Jagatsinghpur 8.68 per cent, Subarnapur 8.58 per cent, Sambalpur 8.58 per cent, Keonjhar 8.51 per cent, Koraput 8.50 per cent and Balangir 8.43 per cent.

He said the State Government has adopted a Decentralised District-level Planning through the District Planning Committees to ensure inclusive growth annually and the efforts have been appreciated by Planning Commission.

Mohanty said that despite very adverse impact of the global and national macro-economic environment, Odisha is on a high growth trajectory.

The State’s economy has grown at higher rates. As per the advance estimates, the growth rate of the State’s economy during 2012-13 is likely to be 9.14 per cent over 2011-12.

He said the estimated growth rate under the agriculture sector is expected to be 16.11 per cent, for service sector 10.09 per cent and for industry sector 2.54 per cent during the 2012-13 fiscal.