Odisha’s economic growth rate to decline in 2019-2020

17/02/2020 at 2:21 PM

Bhubaneswar,  Feb 17: The  economic growth rate of Odisha is expected to decline during 2019-20, said Odisha Economic Survey, 2019-20.

According to the pre-budget Economic Survey circulated in the state Assembly today on the eve of presentation of  the annual budget for the 2020-21 financial year in the House tomorrow,  as per the advance estimate of 2019-20 is expected to grow at 6.16 percent of gross state domestic product (GSDP) as against 7.90 percent in 2018-19 due to lower agriculture production affected by cyclone and deceleration in mining and manufacturing.

During the same period, agriculture and allied sector the largest contributor to the state’s economy’s expected growth stands at 7.61 percent .

While industries sector is expected to grow at 4.88 percent and services sector 6.84 percent.

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