TIME SERIES ANALYSIS OF SECTORIAL CONTRIBUTION TO STATE INCOME:ITS HIGH TIME TO INVEST ON PRIMARY SECTOR IN ODISHA

Diversification of economic activities has led to noticeable structural shift from an agriculture based economy to an industry-led and service-led economy in Odisha. Despite continuous reduction of the primary sector (15.4% in 2014-15) in Odisha’s GSDP, this sector continues to be vital for the State. It still provides employment and subsistence to more than 60% of the State population. Moreover, keeping in view its high potential in employment generation, inclusiveness, sustainablegrowth etc.;indicators like increasing demand for food due high population growth rate, unemployed youth’s detraction from agriculture, no addition to arable land, biotic & abiotic stresses in agriculture, etc. strongly recommend for huge investment on primary sector in Odisha.