The Role of FDI in Economic Growth : A Study About Odisha (original) (raw)

Orissa State Profile: Facts and Figures

2006

A lot has been written and discussed how India is at the point of take-off. Economic growth is accelerating, and most believe that high growth is going to continue for many years into the future. A generation that is less affected by colonial hang-ups, more confident, highly educated and aware, is leading all sectors of the Indian economy. However, differences within the country remain, and may even widen if concerted efforts are not put in. Identifying the constraints and strengths at the state and sub-state level will enable a much more fine-tuned action. This volume is designed to facilitate that objective by informing industry, students, government, NGOs, and any person interested in the progress of the states of India. India has 6 Union Territories and 29 states (including Delhi which is now considered to be a state). Of the 29 states, 19 have a population greater than 10 million – roughly the population of Poland. Of the 235 countries of the world, 150 odd countries have a population below 10 million. At 131 million UP has a population that is lower than only 8 countries including India. A state such as Rajasthan has a land area greater than 342,000 sq. km and is larger than the United Kingdom and Ireland combined. That there are significant differences in lifestyles, facilities, law and order, governance between different states is well known; but again, this common knowledge has come about more due to perceptions formed out of individual experiences. Though most documents and reports bring out the salient features of the key states of India, few are able to bring out for the smaller states, Union Territories, and the north-east. Moreover, precious few do so using data and information in an objective manner, such that anyone can decipher the strengths and weaknesses on various fronts. Over and above that, very little is known about how states compare with each other. Last, but not least, little is known how different parts of a state compared with each other. Indicus Analytics received support from PHDCCI to put together information on scores of different issues for all the states of India, including yours. This information draws from the most credible and highly respected publications and databases brought out in recent years. After ensuring that the information met the minimum quality specifications, it was analyzed in different ways. Data for a state was compared over time and also with other states. Care has been taken that the researchers’ biases do not creep up, as is the case in many such comparisons. The reader should for himself understand the various constraints that his or her state is facing, how well it is performing, how it compares to other states in the vicinity and with India overall. This is all put together in such a way that the reader can draw his own conclusions. We hope that this profile benefits you in better understanding your state. However, despite many crosschecks and dependence on credible information some errors might have crept in. We accept those and would appreciate your comments for future improvements.

Growth Determinants of Orissa and their Implications for Future Development of the State

2006

Orissa presents a paradoxical picture of poverty amidst plenty. Despite being endowed with vast natural resources such as long coastal line, fertile green coastal plains, rivers, forest resources, and mineral resources such as iron ore, bauxite ore, limestone, the state continues to be a backward state. A comparative analysis of interstate poverty ratio shows that 47.2 per cent of the state’s population lives below the poverty line in 2001-02, which is the highest in India (all India average being 26.1 per cent). Even in terms of human development index (HDI), the state lags behind many other states. As per the National Human Development Report (2001), it secures 11th rank among the major fifteen states. To add to the problems of the poorer sections of population, the state is not only frequently marred by natural calamities like flood, drought, and cyclone, but also has experienced distorted growth trends both in industry and agriculture. In our earlier study, it was shown that bot...

Economic Development in Orissa: Growth Without Inclusion

The economy of Orissa has been lagging behind the national economy by several decades. Its per capita net state domestic product, a measure of average income, stood at Rs.20200 for 2006-07 which falls behind the national average by about 35 per cent. Moreover, the gross domestic product of the state grew by a considerable lower rate than many other states for a long time despite its high growth potential. Drawing on the experience of several countries as well as that of India, various studies concluded that economic growth was the most critical factor for reduction of incidence of poverty in the state. It now seems that there has been a turning point in the last few years and the economy of Orissa has witnessed an acceleration in terms of the gross state domestic product (GSDP). The evidence presented here clearly shows that the economy is poised for a take-off to a high growth phase, almost similar to that at the national level. On the poverty dimension, however, the recent developments have been gloomy, to say the least. The consumption expenditure surveys carried out by the National Sample Survey Organisation (NSSO), the standard source of data for poverty analysis in India by official and non-official investigators, shows that the period 1993-2004 has witnessed a reversal of the achievements made on the poverty front during 1983-93. The prima facie evidence points towards a case of growth without inclusion and needs further probe.

REGIONAL DISPARITIES IN FDI IN INDIA AND ITS CONSEQUENCES

It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital, technology and skills, for accelerated economic growth. Over the years, FDI inflow in the country is increasing.

GENESIS AND TRENDS OF INDIA’S PATH OF INDUSTRIALISATION WITH SPECIFIC REFERENCE TO ODISHA.

Indian economy underwent transformation with the advent of the East India Company and the British regime.Indian capital led to development of infrastructure paving the way to private entrepreneurs like Tatas and later multinational corporations. The present paper is divided into two sections. The first part shall discuss the genesis of industrial capital in India and the second part shall deal with the industrial scenario in Odisha laying emphasis on the effects of industrialisation especially displacement .

Regional Disparity of FDI within India

SMTR, 2019

Since the NEP of 1991, India has witnessed steady flows of FDI in the country. In 2017-18, India received FDI worth $ 61.96 billion. Though the FDI flows are in general increasing over a period of time, it is imperative to know whether the distribution of these flows are equal or not among a hugely diverse county like India. Since all the regions of the country are not equal in terms of factor endowments and development, the ability to attract FDI will be different. Also the impact of FDI on each region will differ. This article is an attempt to understand and analyze the variations in FDI among the different states and also try and understand the implications that these variations in FDI on their level of development with the objective of finding out corrective measures.

Interpreting the Demand for Koshala State in Orissa: Development Versus Underdevelopment

2004

This paper examines the rising demand for Koshala state in Orissa and looks for factors responsible for it. It found that the issue of underdevelopment and state apathy-cum-failures in addressing the same has been the single most important factor contributed for the demand for Koshala state. The study prescribes suitable policies for Orissa government to adopt to contain the demand for this new state.