Latest update: November, 2016
Last Updated: November, 2016
GOA State Report | November, 2016
Goa is located in the western region of India. The state shares its borders with the Arabian Sea to the west, Maharashtra to the north and Karnataka to the south and the east. It is traditionally known as a tourist paradise for its natural scenery, unique beaches and cultural diversity.
Goa is one of the fastest growing states in the country. The state’s Gross State Domestic Product (GSDP) growth rate was at about 11.39 per cent between 2004-05 and 2015-16. The state’s per capita Net State Domestic Product (NSDP) was US$ 4,765.7, one of the highest in India, in 2015-16. Goa's economic growth is driven by the strong performance of industrial sectors such as mining, tourism and pharmaceuticals.
Goa is the second state in India to achieve a 100 per cent automatic telephone system with a solid network of telephone exchanges. As of June 2016, Goa had a total installed power generation capacity of 412.45 MW. Goa is also one of the few states in India to achieve 100 per cent rural electrification.
Goa has a well-developed social, physical and industrial infrastructure and virtual connectivity. It has an international airport that is in line with its importance as a globally-recognised leisure destination. It also has significant port infrastructure. The state has an established base for the pharmaceuticals industry and an emerging destination for knowledge-based industries such as biotechnology and IT.
According to the Department of Industrial Policy & Promotion (DIPP), FDI inflows into the state of Goa, during April 2000 to March 2016, totaled to US$ 841 million.
Last Updated: October 29, 2015