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Odisha's Growth Forecast for 2020-21
  • Amarendra Das
Amarendra Das
School of Humanities and Social Sciences, National Institute of Science Education and Research, Bhubaneswar-752050, Odisha, Homi Bhabha National Institute Anushaktinagar, Mumbai - 400094, India.

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The lockdown in India is having severe impact on each and every economy and Odisha is no different from others. Various agencies are providing different growth estimates for the national economies that ranges from a positive growth of four percent to a contraction of output by around five percent. There are very few agencies that provide growth forecast for the subnational economies. In this paper, I provide growth estimates for Odisha, an Indian state in eastern part, for the year 2020-21. Our estimation shows a drastic contraction of output for Odisha in 2020-21 to the extent of 15.6 to 20.7 percent. The first quarter of 2020-21 will have the maximum contraction. Odisha may see positive growth of output only in the third quarter and in subsequent period. Except agriculture and allied activities all other sectors will have a contraction in the output