In the 10th plan, the state GSDP had expanded by 8.82 per cent against country's 7.62 per cent. In the 9th and 8th plans, the GSDP growth rates were 2 per cent and 5.5 per cent respectively.
This was stated by Maheswar Mohanty, state planning and coordination minister in a written reply to the state assembly.
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Similarly the state has registered annual GSDP growth of 9.14 per cent in 2012-13 as per advance estimates, surpassing all India annual GDP growth of 4.96 per cent.
The higher growth of the state's economy in 2012-13 can be attributed to the higher estimated growth rates of 16.11 percent under the agriculture sector and 10.09 percent under the service sector estimated in real terms at 2004-05 prices, over the previous year as per the Economy survey-2012-13.
The state's economy has grown annually by 10.94 per cent in 2007-08, 7.75 percent in 2008-09, 4.55 per cent in 2009-10, 7.5 per cent in 2010-11 and 4.94 per cent in 2011-12 against India's annual GDP growth rate of 9.34 per cent (in 2007-08), 6.66 per cent (in 2008-09), 8.59 per cent (in 2009-10), 9.32 per cent (in 2010-11) and 6.21 per cent (in 2011-12).
During the 11th Plan period, the banking and insurance sub-sector in the state expanded at an annual average growth rate of 17.94 percent followed by communication (16.60 percent), manufacturing (14.00 percent), transport by other means (10.93 percent), trade, hotel & restaurants (9.05 percent), storage 9.04 percent and other services (8.52 percent), etc. By the end of the 11th plan period in 2011-12, the per capita income of the state was Rs 24,134 compared to Rs 20,194 in 2006-07, a growth of 19.51 percent in five years.