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. Goa has a coastline of about 104 km and inland waterways of about 255 km.
Goa is among the Indian states to have 100 per cent rural electrification. As of January 2013, Goa had a total power generation installed capacity of 418.82 megawatt (MW).
Goa is also among one of the states in the country to have 100 per cent automatic telephone systems with a good network of telephone exchanges. Goa has a fiber-optic cable network spread through the state; it provides high -speed access for a wide range of internet-related services.
Apart from having an established iron-ore mining industry, Goa has emerged as a manufacturing base for several leading companies in areas such as fertilisers, tyres and tubes, cement, electrical machinery, fish-net making machines, automatic washing machines, printed circuit boards, pharmaceuticals and pharmaceutical machinery. Apart from the incentives and policy thrust, Goa is selected because of its ambience and pollution free environment, which is conducive to the pharmaceuticals industry.
At current prices, the gross state domestic product (GSDP) of Goa was about US$ 9.2 billion in 2011-12. The average GSDP growth rate between 2004-05 and 2011-12 was about 18.5 per cent. Goa's economic growth is driven by the strong performance of industrial sectors such as mining, tourism and pharmaceuticals.
The State has received cumulative foreign direct investment (FDI) inflows worth US$ 769 million during April 2000 to December 2012, according to Department of Industrial Policy & Promotion (DIPP).
In addition, Goa is also a globally recognised tourist destination, famous for its beaches and cultural diversity. Tourism is a key economic activity of Goa, has contributed substantially to the economic development of the state in terms of employment generation and a key foreign exchange earner. The innovative marketing strategies to project Goa as an all-time leisure destination have resulted in higher tourist inflows over the years.
State Presentation (March 2013)
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