This monograph “Socio-Economic Journey of an Impoverished Eastern Indian State and Way Ahead” contains chapters with optimistic approach to the down trodden economy of Odisha state; reaching unto a panoramic outlook. This second poorest state in India is affected by the pangs of draught, flood, famine, super-cyclone and superstitions. These calamities have deprived and shattered the fabric. However, the emerging globalization and liberalization in the Indian economy has provided a ray of hope to development at the cost of natural resources and environment. The narrative has dealt on issues and challenges adopting change management perspectives. It augmented a resurrecting method of new thinking, creative strategies, managing newness, strategic alliance, new business, creation of new powerful political leaders and policy to final solve these perennial problems with creativity. It provided alternative solutions with new models for implementation with a holistic blend. It redefined a host of feasible strategies to capitalization of natural resources for encashment of human resources; to mobilize resources with qualitative factorization and governance.