Odisha targets USD 500 billion economy by 2036, focusing on urban growth
What happened
During the National Urban Conclave-2026 in Bhubaneswar, Chief Minister Mohan Charan Majhi stated that Odisha is aiming to build a USD 500 billion economy by 2036. He noted that the state's urbanization rate is currently 17 per cent and is projected to increase to 40 per cent by 2036. The state has already received investment proposals totaling Rs 23 lakh crore across sectors like industries, ports, tourism, and services.
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Why it matters
Mohan Charan Majhi asserted that Odisha has emerged as a key growth engine for the nation, supported by the commencement of state-of-the-art infrastructure development. The government's goal is to make cities inclusive and technology-driven, linking Bhubaneswar, Puri, and Cuttack for regional economic progress.
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Who's involved
- OdishaThe state of Odisha, which aims to become a key growth engine for the nation.
- Mohan Charan MajhiMohan Charan Majhi, the Chief Minister of Odisha, who outlined the state's economic goals.
- Niti AayogNiti Aayog, which guides regional economic development in the state.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- OdishaSpeculative
The state economy could see increased investment and revenue from the development of infrastructure and modern institutions.
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The entities involved
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Bhubaneswar
capital city of Odisha, India
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Puri
city in Odisha, India
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Cuttack
second largest city of Odisha, India
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Odisha
state in Eastern India
Related events
- CM Mohan Charan Majhi inaugurated housing projects in Odisha.
- High-level discussions took place regarding the acceleration of infrastructure development, investment, and the push for Samruddha and Viksit Bharat goals in the state of Odisha.
- Birla Global University signed an MoU with the Odisha state government, leading to vocational training programs in Bhubaneswar and planning for Puri.
- Projects are being established in Odisha through collaborations between the state government and various Japanese firms.