Latest update: November, 2014
Last Updated: November, 2014
GOA State Report | March, 2015
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. The state attracted 3.1 million tourists, including 492,322 foreign visitors, in 2013.
Goa is one of the fastest growing states in the country. It had the second-highest per capita NSDP in the country in 2012-13. Average gross state domestic product (GSDP) growth rate was at about 13.5 per cent between 2004-05 and 2012-13. Goa's economic growth is driven by the strong performance of industrial sectors such as mining, tourism and pharmaceuticals.
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.
The State Government of Goa is working on the new tourism policy with a vision of overall tourism development and to engage with private players to invest and develop infrastructure in the state. In addition, policies such as Goa Special Economic Zone Policy 2006 an the Biotech Policy 2006 are aimed at developing specific sectors in the state.