Goa is one of the key fish producing states in India. In FY21, Goa exported 16,549 metric tonnes of fish.
Goa is located on the west coast of India. The state shares its borders with 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's economic growth is driven by the strong performance of its industrial sectors such as fishing, agriculture, tourism, and pharmaceuticals.
At current prices, Goa’s Gross State Domestic Product (GSDP) was Rs. 914.17 billion (US$ 11.09 billion) in 2022-23. The GSDP (in Rs.) increased at a CAGR of 6.41% between 2016-17 and 2022-23.
As of August 2022, Goa had a total installed power generation capacity of 614.73 MW, of which thermal power plants accounted for a significant share in the total installed capacity with 559.94 MW, whereas nuclear and renewable energy contributed 26 MW and 28.79 MW, respectively. Goa is one of the few states in India to achieve 100% 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 for Promotion of Industry and Internal Trade (DPIIT), between October 2019-June 2022, FDI inflow in Goa stood at US$ 118.98 million.