Economy
Economy of Malkangiri District
Prior knowledge of the level of economic development of a region is necessary for planned development of that region. In this context, the District income estimates (District Domestic Product) assume much importance as an indicator of development. The District income estimates also bring to light the inter district variations in the economic development and help the planners to set priority in formulating development plans for each district, depending upon its level of backwardness.
For the purposes of estimation of district income, the economy is divided into the following sectors;
- Agriculture and allied sectors
- Industries sector
- Services Sector
The Gross District Domestic Products from 2004-05 to 2011-12 at 2004-05 base along with sector wise percentage share of Malkangiri district has been prepared and presented in the tables below
| Sectors | Gross District Domestic Product (Percentage Distribution) At Current Price |
|||||||
|---|---|---|---|---|---|---|---|---|
| 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | |
| Primary Sector | 55.47 | 53.54 | 53.87 | 57.49 | 53.31 | 51.99 | 51.16 | 46.35 |
| Secondary Sector | 18.11 | 17.53 | 18.74 | 17.63 | 17.63 | 15.94 | 17.58 | 21.27 |
| Tertiary Sector | 7.31 | 8.49 | 8.72 | 7.92 | 9.15 | 9.44 | 10.33 | 11.46 |
| Finance & Services | 19.11 | 20.44 | 18.67 | 16.96 | 19.91 | 22.63 | 20.93 | 20.92 |
| TOTAL GDDP | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
Apart from the per capita income of the people, education, Health and Income are important indicators that decide the human development of a nation or state or district. According to State Human Development Report, Odisha, 2004, the value of Human Development Index [HDI] for Malkangiri district is 0.370 and 0.579 for state as whole. Of the three components of the Human Development Indicators (HDI), income index bears the highest weight [0.497] whereas the health index bears the lowest weight [0.122] and the education index [0.491] lies in between. The Human Development Index (HDI) place Malkangiri in 30th rank among the districts in the State (Human Development Report, Odisha, 2004).
Thus, from the table, it is indicated that the economy of Malkangiri district mainly depends on primary sector i.e agriculture and allied sector which contributes 46.35 % to the district income.