Latest update: February, 2016
Last Updated: February, 2016
GOA State Report | November, 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. In 2015 (till November), the state attracted 4.2 million tourists, including 0.41 million foreign visitors.
Goa is one of the fastest growing states in the country. The state’s gross state domestic product (GSDP) growth rate was at about 11.23 per cent between 2004-05 and 2014-15. The state’s per capita NSDP was US$ 4,449, one of the highest in India, in 2014-15. 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. Goa is also one of the few power surplus states in the country, and achieved 100 per cent rural electrification in 2011-12.
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 and the Biotech Policy 2006 are aimed at developing specific sectors in the state.
Last Updated: October 29, 2015