NewKerala.com

CM Majhi Unveils Budget Roadmap to Transform Odisha into Economic Powerhouse

Odisha Chief Minister Mohan Charan Majhi has inaugurated a state-wide budget awareness campaign, framing the 2026-27 budget as a foundational roadmap for long-term development. The budget, with a proposed outlay of Rs 3.10 lakh crore, introduces 31 new initiatives and is 7% higher than the previous year's estimates. It sets ambitious targets, including transforming Odisha into a $1.5 trillion economy by 2047 and drastically raising per capita income. The government also aims to reduce multidimensional poverty to 5% and boost women's workforce participation to 70%.

Key Points: Odisha Budget 2026-27: CM Majhi's Vision for $1.5T Economy by 2047

  • Rs 3.10 lakh crore outlay with 31 new initiatives
  • Targets $1.5 trillion economy by 2047
  • Aims to raise per capita income to Rs 32 lakh
  • Focus on rural development and employment
2 min read

CM Majhi calls budget key to Odisha's long-term development

Odisha CM Mohan Majhi presents a Rs 3.10 lakh crore budget, targeting a $1.5 trillion economy by 2047, higher per capita income, and reduced poverty.

"The state budget is not merely a statement of income and expenditure, but a strong roadmap for the state's overall development. - CM Mohan Charan Majhi"

Bhubaneswar, April 8

Odisha Chief Minister Mohan Charan Majhi has said that the state budget is not merely a statement of income and expenditure, but a strong roadmap for the state's overall development and the realisation of each citizen's dreams.

While inaugurating a state-level budget awareness drive, "Ama Janiba, Ama Budget" on Tuesday, Chief Minister Majhi added that in compliance with the nation's vision, the state government has set the targets to be achieved by 2047.

The targets include raising per capita income from Rs 1.8 lakh to Rs 32 lakh, enhancing the overall quality of life, reducing multidimensional poverty to just five per cent, increasing women's workforce participation to 70 per cent, extending life expectancy beyond 80 years, and eradicating anaemia and malnutrition.

The Chief Minister also said the 2026-27 state budget will act as a strong foundation for achieving the vision of a "Prosperous Odisha".

This year's budget introduced 31 new initiatives, including several programmes and schemes.

A total outlay of Rs 3.10 lakh crore has been proposed, with a strong focus on capital expenditure.

The current budget is seven per cent higher than the previous year's estimates.

The state government has set a target to transform Odisha into a $500 billion economy by 2036 and a $1.5 trillion economy by 2047.

He asserted that while the goal may seem ambitious, the people of Odisha have the capability to achieve it with the blessings of Lord Jagannath.

The Chief Minister added that budget for 2026-27 financial year includes special measures for rural development, employment generation, and addressing migration issues.

Notably, this budget awareness campaign will be organised across the state from April 1 to 14, to ensure wider public participation and awareness.

Chief Minister Majhi said that the budget reflects Odisha's pride and prosperity and, with collective efforts, will transform the state into a major economic powerhouse of the country.

- IANS

Share this article:

Reader Comments

R
Rajesh Q
Finally, a budget that talks about long-term vision! The $1.5 trillion economy target by 2047 aligns with India's goals. But the real test is implementation. We've heard big promises before. Let's see the ground reality in the next 2-3 years.
S
Sarah B
As someone who has worked in development, the targets on women's workforce participation (70%) and eradicating anaemia are crucial. These are foundational for true prosperity. Hope the 31 new initiatives have clear, measurable outcomes for these areas.
A
Aman W
Reducing multidimensional poverty to 5% is a massive goal. The budget outlay is huge, but will it reach the last person in Kalahandi or Koraput? Addressing migration is key. Promising words, but execution is everything. Jai Jagannath!
K
Karthik V
With all respect to the CM, these numbers sound fantastic on paper. A 7% increase in budget is good, but inflation eats into that. The focus should be on quality spending, not just big figures. Let's hope for less talk and more visible action on the ground.
N
Nisha Z
Prosperous Odisha is a dream we all share! The mention of Lord Jagannath's blessings gives me hope that the plans are made with good intent. As a mother, eradicating malnutrition is closest to my heart. Hope this budget truly works for our children's future.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50