Odisha’s public debt likely to increase to 15.7% of GSDP from current 13.6% over next five years

The Odisha Economic Survey 2025-26 projects a rise in the state's public debt from 13.6% of Gross State Domestic Product (GSDP) to 15.7% over the next five years, driven by increased capital expenditures. Despite this increase, the Odisha government anticipates low borrowing costs and manageable principal repayments. The survey highlights Odisha's robust economic growth, exceeding both national and long-term averages, with a projected annual growth rate of 7.9% in 2025-26. The state also experiences strong growth in its service sector, contributing significantly to its per capita income (PCI) which increased by 9.2% from the previous year.