Orissa economy holds the promise of becoming one of India's major manufacturing hubs in the near future. A whopping 50 billion dollars are expected to be invested in the state for building steel and aluminum producing capacity, power projects, ports and other infrastructure in the near future. If things go as planned in Orissa, the state could emerge as one of the most significant FDI destinations in the world, rivaling Shenzhen in China.

Orissa is also a major outsourcing destination for IT and IT services firms.
Orissa’s main strength is its agricultural and natural resources. Most of the chromites in India comes from Orissa. One fifth of the coal in India is found here. One tenth of India’s rice comes from Orissa. Apart from oil seeds, jute, turmeric, coconut, sugar cane, cash crops such as rubber, tea and cotton grown here. As the first state to privatize its electricity transmission, Orissa does well in terms of power generation.

As far as industry is concerned Orissa provides a combination of infrastructure like cement, rare earth, ceramic glass, Ferromanganese, aluminium, NALCO, papermill, chemical industries, fertilizerplant, cotton, textiles, sericulture, sugar, rice, aeronautical, power and a host of other minerals and port facilities on the other. In addition, the bountiful forest resources and agricultural products such as Food Grains, Cash Crops, Cotton Cultivation, Tea, Coffee,  pulse, oil seed, cash crop, rubberplantation provide ample scope for the development of forest-based and agro-based industries.
Know more about Agricultural Economy and Industrial Economy.