Odisha’s per capita income is less than India's per capita income. The per capita income of Odisha is 1,61,437 for 2023-24 which is 12.4 per cent less than India’s per capita income of ₹ 1,84,205, according to the Economic Survey Report which was tabled in the state assembly on Wednesday, a day ahead of state’s budget.

In fact, the Mohan Majhi government has made a subtle attempt to show how the state failed to progress during Naveen’s regime over 24 years in the economic survey report. “While Odisha’s per-capita income since 2015-16 has grown at a CAGR (Compound annual growth rate) of 12.1 per cent, still Odisha ranks 11th among 17 major States,” the survey report states.

In the report, the Majhi government pledged to expedite its growth and developmental efforts to increase the per capita income and contribute to "Viksit Bharat" goal of the country.

The report points out that the Odisha economy is estimated to grow at 8.5 per cent in 2023-24 as per advance estimates in comparison to 7.9 per cent growth in 2022-23. The growth, however, was concentrated in the industry and services sector.

The report states, “According to NITI Aayog, the multidimensional poverty headcount ratio in the state has declined from 29.3 per cent in 2015-16 to 15.7 per cent in 2019-21. More than 62 lakh people escaped multidimensional poverty in the State between 2015-16 and 2019-21. However, Odisha ranks 6th among the major 17 states with a high incidence of poverty headcount.”

The industry sector in Odisha is expected to grow at 8.7 per cent in 2023-24 as per advance estimate contributing 43.2 per cent to the Gross State Value Added (GSVA). However, Industrial activities in Odisha are concentrated mainly in basic metal and mineral-based industries.

The survey report states, "Odisha has been able to keep its key fiscal indicators within the FRBM (Fiscal Responsibility and Budget Management) Limit. Odisha’s fiscal deficit to GSDP (Gross State Domestic Product) ratio declined from 3.5 per cent in 2019-20 to 3.1 per cent in 2023-24. The debt ratio stood at 12.9 per cent and 13.6 per cent in 2022-23 and 2023-24 respectively which is less than the 25 per cent limit prescribed by the Fifteenth Finance Commission and Odisha FRBM Act, 2005.

Odisha’s mineral revenue reached ₹ 38,075 crore in 2022-23 providing the state adequate cushion for developmental spending.