The Odisha Economic Survey 2011-12 takes note of the efforts of the State Government to bring visible improvements in the state finances, to reduce Debt-GSDP ratio, to create fiscal space for higher plan and capital outlays to propel growth in the economy and to accelerate the pace of development. There is a perceptible structural change in Odisha’s economy which has been following a high growth trajectory in recent years. Odisha’s real per capita incomes are rising and the gap with national averages has been narrowing. The Survey 2011-12, inter alia, also highlights challenges faced by, and opportunities available to Odisha.