Odisha's growth betters national average at 7.94%

Odisha's real GSDP has reached Rs 3.14 lakh crore in 2016-17

Odisha has registered a gross state domestic product (GSDP) growth rate of 7.94 per cent in 2016-17, overshooting the average national rate of 7.1 per cent, according to advance estimates in the Economic Survey.

The state has recovered from its 6.1 per cent growth rate in 2015-16 triggered by an erratic monsoon. This year’s higher economic growth is also attributed to an improved monsoon.

Odisha’s economy has been on a high-growth trajectory in recent years after lagging the national average for decades. From 2003, the state registered growth of above 8 per cent as against the national average of 7.5