Bhubaneswar, Feb 26: With 1st April 2036 marking a defining milestone in Odisha’s long-term development journey, the State stands at the threshold of a decisive decade.
With just ten years remaining for completion of a 100 years of Odisha’s statehood, the Government has articulated a clear and ambitious vision to transform Odisha into a USD 500 billion economy by 2036, more than a fourfold increase from an estimated USD 110 billion presently.
Achieving this scale of economic expansion will require sustained and consistent double-digit growth, supported by productivity-led structural transformation, high-quality public investment, and private sector participation, according to officials.
The real and nominal growth rate of Odisha are estimated at 7.9% and 9.5% respectively as per the advance estimates for FY 2025-26.
The Odisha Vision 2036 and 2047 document establishes the macro-fiscal framework for the State’s transition to ‘Samruddha Odisha’ status by 2036, with a long-term objective of becoming a USD 1.5 trillion economy by 2047.
The eastern State stands at a pivotal moment in its development journey, with the next decade offering a historic opportunity to accelerate growth and transform the State’s economic landscape.
The Vision 2036 Development Roadmap outlines a clear, time-bound strategy to achieve high, inclusive and sustainable growth.
In the recently published NITI Aayog’s Fiscal Health Index, Odisha has emerged a fiscal champion among all States by securing the highest score of 67.8 in the index.
With abundant natural resources, surplus human capital, and visionary leadership of the present Government led by Chief Minister Mohan Charan Majhi, Odisha is now embarking on a promising new chapter of sustainable and inclusive development. The government envisions a “Samruddha Odisha” by 2036, coinciding with the 100th centenary of the State’s formation, to align with the national vision of a “Viksit Bharat 2047”.
To achieve the ambitious economic target, the State has identified six key pillars to translate the vision into reality.
The six pillars are—Rural Development, People First, Legacy and Pride, Prosperity for All, Technology Leadership, and Citizen-Centric Governance.
The roadmap adopts a mission-mode approach, translating development objectives into time-bound outcome indicators to guide fiscal prioritisation and medium-term expenditure planning.
Finance Department officials said the vision of becoming a USD 1.5 trillion economy by 2047 is anticipated to be realised through a decisive shift from a primary-sector-led structure to high-value manufacturing and services, supported by large-scale infrastructure, digital governance and skilled human capital.
The State will mobilise cumulative investments of about Rs 100 lakh crore by 2047, of which nearly 70–75% will come from the private sector, while the State and Central Governments together will invest Rs 22–25 lakh crore in core infrastructure and social sectors, they said.
Odisha’s economic structure will be rebalanced with the primary sector share declining from 30% in 2024 to 18% by 2047, the secondary sector rising to 37% driven by industrialisation and port-led growth, and the tertiary sector expanding to 45% of GSVA, anchored in tourism, education, IT/ITeS, logistics and financial services.
Besides, urbanisation will also be used as a major investment multiplier by increasing the urbanisation rate from 17% to 60%
The 2036 vision also envisages increasing Odisha’s contribution to national GDP from 3% to 5%, with average annual growth rising from 7% to 9.5% through reforms in investment, execution, and technology adoption.
Further, the State targets raising per capita income from Rs 1.8 lakh to Rs 32 lakh by 2047, improving living standards, reducing multidimensional poverty to 5%, increasing female labour force participation to 70%, raising life expectancy beyond 80 years, and eliminating anaemia and malnutrition, in alignment with the Government of India’s Vision 2047.
Also Read: Odisha Budget 2026-27: How is it different from last year
