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 2.8 million tourists, including 450,530 foreign visitors, in 2012.
At current prices, Goa’s gross state domestic product (GSDP) was about US$ 7.5 billion during 2011–12. The state has one of the highest per capita incomes in the country. 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.
Goa accounts for around 12 per cent of total medicines produced in India. The state’s pharmaceuticals industry generated revenue of US$ 2.1 billion over 2011–12.
It 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 states in the country to achieve 100 per cent rural electrification.
The fisheries sector in Goa recorded the highest growth rate of 41.8 per cent among all sectors during 2011–12. Fish exports from the state increased to 40,000 tonnes in 2012 from 37,827 tonnes in 2011.