Business · India Bureau
Odisha establishes chief minister advisory council to guide economic expansion
Odisha has set up a high-level economic advisory panel modeled after the Prime Minister's Economic Advisory Council to steer the state toward its ambitious $1.5 trillion economy target by 2047. The council will comprise economists, retired civil servants, and business leaders.
LSN India ·
The Odisha government has constituted a Chief Minister's Economic Advisory Council (CM-EAC) to provide strategic guidance on economic growth, fiscal management, and structural reforms as the state pursues its long-term development goals. The panel is structured along the lines of the Prime Minister's Economic Advisory Council (EAC-PM) at the national level, reflecting the state's commitment to evidence-based policymaking.
The council comprises a mix of seasoned economists, former senior bureaucrats, and private sector leaders, including the co-founder of Sarvam AI, positioning it to draw on diverse expertise spanning academia, governance, and technology sectors. This composition aims to ensure that policy recommendations balance macroeconomic stability with innovation-driven growth.
Odisha's 2047 vision seeks to transform the eastern state into a major economic powerhouse with a $1.5 trillion gross domestic product. The CM-EAC is expected to formulate recommendations on key areas including investment promotion, infrastructure development, human capital, and fiscal sustainability to support this ambitious roadmap.
The establishment of the advisory council underscores Odisha's efforts to attract investments and accelerate growth across sectors including manufacturing, renewable energy, and services. State officials view the panel as a critical institutional mechanism for navigating complex economic challenges and capitalizing on emerging opportunities in the post-pandemic recovery period.