Goa has a well-developed physical infrastructure. Some key points:
- Goa has 293 km of national highways connecting it to other states.
- The state spent over Rs 120 crore in 2017-18 on upgrading major district roads, rural roads, and central roads.
- Mormugao Port is a major port in Goa handling over 26 million tonnes of cargo annually. The state also has an international airport with connections to domestic and international destinations.
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the largest share. The state attracted US$ 970 million in FDI between 2000-2018. Tertiary sector growth was driven by tourism, which supported related industries. Goa aims to further develop knowledge-based and tourism industries while preserving its natural beauty under its long-term vision.
Goa has a well-developed physical infrastructure that includes roads, ports, airports, and power. The state has over 293 km of national highways connecting it to other major cities. Mormugao Port in Goa handled over 10 million tonnes of cargo in 2017-18, registering strong growth. Goa International Airport provides domestic and international air connectivity. Power infrastructure in the state has also been expanded with installed capacity reaching over 549 MW as of May 2018. Overall, Goa's infrastructure has supported its economic growth in key sectors such as tourism and mining.
- Goa has a gross state domestic product (GSDP) of Rs 645.44 billion (US$ 9.62 billion) in 2016-17 and is one of the fastest growing states in India.
- The state's economy is driven by industries such as mining, tourism, and pharmaceuticals. Mining production was 6.08 million tonnes in 2017-18 and iron ore exports reached 17.64 million tonnes between 2015-2017.
- Goa received over 7 million domestic tourists and nearly 1 million foreign tourists in 2017, demonstrating the strong tourism industry.
Goa is a major producer of iron ore in India. Exports of iron ore from Goa reached 17.64 million tonnes between September 2015 and November 2017. Mormugao Port, Goa's major port, saw remarkable growth in 2016-17 with cargo handling increasing by 59.70% over the previous year. Goa has a strong economy driven by industries like mining, tourism, and pharmaceuticals, with the state's GSDP estimated at US$ 10.85 billion in 2017-18.
Goa has a gross state domestic product (GSDP) of Rs 645.44 billion (US$ 9.62 billion) in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. Goa witnessed strong economic growth with its GSDP increasing at a compound annual growth rate (CAGR) of 8.78% between 2011-12 and 2016-17. The tertiary sector contributed the largest share to GSVA at 35.55% in 2016-17, followed by the secondary sector at 55.18%. Tourism is a major contributor to growth in the tertiary sector.
Goa is one of India's major iron ore producers and Mormugao Port reflected remarkable growth. Goa has strong economic growth and is a tourist paradise. The state's GSDP and per capita GSDP are high and among the highest in the country. Goa aims to be a knowledge-centric state that preserves its natural beauty through sustainable development and good governance.
Goa is one of India's fastest growing states with a GSDP of US$ 9.3 billion in 2015-16. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. The tertiary sector, which includes tourism, contributes the most to Goa's GSDP at 46.64%. Infrastructure has grown significantly, with the Mormugao port reflecting a 41% increase in traffic during 2015-16. Goa aims to further develop knowledge-based industries and preserve its natural beauty while ensuring good governance.
The document provides an overview of Goa, India including its economy, infrastructure status, business opportunities, and state acts/policies. Some key points:
- Goa has a GDP of $9.3 billion in 2015-16 and is one of India's fastest growing states, driven by industries like mining, tourism, and pharmaceuticals.
- Major ports and an international airport help support Goa's strong economic growth and facilitate infrastructure and trade.
- The economy is shifting towards knowledge-based industries and tourism is a large industry, receiving over 500,000 foreign tourists in 2015.
- Opportunities exist in sectors like mining, pharmaceuticals, biotechnology, and IT, supported by a
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the largest share. The state attracted US$ 970 million in FDI between 2000-2018. Tertiary sector growth was driven by tourism, which supported related industries. Goa aims to further develop knowledge-based and tourism industries while preserving its natural beauty under its long-term vision.
Goa has a well-developed physical infrastructure that includes roads, ports, airports, and power. The state has over 293 km of national highways connecting it to other major cities. Mormugao Port in Goa handled over 10 million tonnes of cargo in 2017-18, registering strong growth. Goa International Airport provides domestic and international air connectivity. Power infrastructure in the state has also been expanded with installed capacity reaching over 549 MW as of May 2018. Overall, Goa's infrastructure has supported its economic growth in key sectors such as tourism and mining.
- Goa has a gross state domestic product (GSDP) of Rs 645.44 billion (US$ 9.62 billion) in 2016-17 and is one of the fastest growing states in India.
- The state's economy is driven by industries such as mining, tourism, and pharmaceuticals. Mining production was 6.08 million tonnes in 2017-18 and iron ore exports reached 17.64 million tonnes between 2015-2017.
- Goa received over 7 million domestic tourists and nearly 1 million foreign tourists in 2017, demonstrating the strong tourism industry.
Goa is a major producer of iron ore in India. Exports of iron ore from Goa reached 17.64 million tonnes between September 2015 and November 2017. Mormugao Port, Goa's major port, saw remarkable growth in 2016-17 with cargo handling increasing by 59.70% over the previous year. Goa has a strong economy driven by industries like mining, tourism, and pharmaceuticals, with the state's GSDP estimated at US$ 10.85 billion in 2017-18.
Goa has a gross state domestic product (GSDP) of Rs 645.44 billion (US$ 9.62 billion) in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. Goa witnessed strong economic growth with its GSDP increasing at a compound annual growth rate (CAGR) of 8.78% between 2011-12 and 2016-17. The tertiary sector contributed the largest share to GSVA at 35.55% in 2016-17, followed by the secondary sector at 55.18%. Tourism is a major contributor to growth in the tertiary sector.
Goa is one of India's major iron ore producers and Mormugao Port reflected remarkable growth. Goa has strong economic growth and is a tourist paradise. The state's GSDP and per capita GSDP are high and among the highest in the country. Goa aims to be a knowledge-centric state that preserves its natural beauty through sustainable development and good governance.
Goa is one of India's fastest growing states with a GSDP of US$ 9.3 billion in 2015-16. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. The tertiary sector, which includes tourism, contributes the most to Goa's GSDP at 46.64%. Infrastructure has grown significantly, with the Mormugao port reflecting a 41% increase in traffic during 2015-16. Goa aims to further develop knowledge-based industries and preserve its natural beauty while ensuring good governance.
The document provides an overview of Goa, India including its economy, infrastructure status, business opportunities, and state acts/policies. Some key points:
- Goa has a GDP of $9.3 billion in 2015-16 and is one of India's fastest growing states, driven by industries like mining, tourism, and pharmaceuticals.
- Major ports and an international airport help support Goa's strong economic growth and facilitate infrastructure and trade.
- The economy is shifting towards knowledge-based industries and tourism is a large industry, receiving over 500,000 foreign tourists in 2015.
- Opportunities exist in sectors like mining, pharmaceuticals, biotechnology, and IT, supported by a
Goa is one of India's fastest growing states with a GSDP of US$8.55 billion in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. In 2016-17, Mormugao Port saw remarkable growth with traffic increasing 59.70% to 33.18 million tonnes. Goa also has a well-developed infrastructure and is a popular tourist destination receiving over 6,80,683 foreign tourists in 2016.
Goa has a well-developed economy driven by industries like mining, tourism, and pharmaceuticals. It has experienced strong economic growth, with GSDP increasing at a CAGR of 16% between 2004-2005 and 2011-2012. Goa also has one of the highest per capita incomes and literacy rates in the country. The state's economy is facilitated by good infrastructure including ports, airports, and roads. Key sectors include mining, tourism, pharmaceuticals, and fisheries.
The document provides an overview of Goa, India including:
- Goa is a major iron ore producer and its iron ore exports have grown significantly. Mormugao Port also reflected remarkable growth.
- Goa has a strong economy and is one of the fastest growing states in India. Its gross state domestic product was $7.24 billion in 2014-15.
- Tourism is also a major industry and in 2015 foreign tourist footfall reached over 541,480.
Maharashtra State : Mumbai Finance Gateway to IndiaJhunjhunwalas
- Maharashtra has a well-developed physical infrastructure including 4,257 km of national highways and over 410,000 km of total roads.
- The state is connected to neighboring states and other parts of India through 18 national highways. A notable highway is the 93 km Mumbai-Pune expressway.
- As of 2011, 97.8% of villages in Maharashtra were connected by all-weather roads.
Punjab has a strong economy driven by agriculture and textiles. The state's GSDP grew at a CAGR of 10.2% between 2011-12 and 2017-18 reaching Rs. 4.77 trillion, with tertiary sector contributing the most at 46.7%. Punjab is a leader in wheat and rice production in India and has emerged as a key textiles hub, with the sector attracting significant investments. The state focuses on renewable energy and aims to achieve 4,772 MW solar capacity by 2022. With good infrastructure, supportive policies and focus on key sectors, Punjab offers opportunities for economic growth.
Punjab has a strong agricultural base and is one of India's largest producers of wheat and rice. The state is focusing on increasing renewable energy sources such as solar and biomass. Punjab also has well-developed infrastructure and is a major hub for textiles industries like yarn, garments and hosiery due to its textile policies and incentives. The state aims to improve connectivity and develop sectors like automotive and IT by 2022.
Punjab has a strong economy, with its GSDP reaching Rs. 4.77 trillion (US$ 74.09 billion) in 2017-18, growing at a CAGR of 10.2% between 2011-12 and 2017-18. The state's per capita GSDP and NSDP also grew at impressive rates of over 8% during the same period. Punjab has a diverse economy with key sectors including agriculture, textiles, automotive and auto components. The state aims to further diversify its economy and attract investments in sectors such as agro-based industries, IT & ITeS through various incentives and initiatives.
Maharashtra has the highest GDP contribution and FDI of any Indian state. It is the most industrialized state and has a well-developed infrastructure and skilled workforce. The state government aims to accelerate economic growth through policies promoting sectors like agriculture, industry, infrastructure and tourism. Maharashtra has a GDP of $300.51 billion and per capita GDP of $2,545 as of 2015-16.
Punjab has emerged as a key textiles hub and agricultural producer in India. The state contributes 2.72% to India's total GDP. Punjab's economy has grown at a CAGR of 9.97% between 2011-12 to 2018-19, with services becoming the largest sector. The state is focusing on renewable energy and attracting investments in sectors like textiles, agriculture, automotive and IT.
Punjab is focused on increasing renewable energy generation and has emerged as a key textiles hub. It has strong agriculture production, particularly of rice, maize, sugarcane and barley. Punjab has the best infrastructure facilities in India, including roads, railways, airports and other connectivity. The state government is promoting industries and improving agriculture through various policies and incentives.
Punjab has emerged as a key textiles hub and has a strong agricultural base as the largest wheat and rice producer in India. The state economy is growing at a compound annual growth rate of 10.2% with services contributing the most at 46.7% of GSDP in 2017-18. Punjab aims to increase focus on renewable energy and attract more investment from agriculture and services.
Jharkhand is rich in mineral resources and is one of the leading producers of minerals in India. Some key points:
- Jharkhand has 40% of India's mineral reserves and is the sole producer of coking coal, uranium, and pyrite in the country.
- It is one of the largest producers of coal, iron ore, copper, and manganese in India. Steel production in the state accounts for 20-25% of India's total.
- Other economic sectors that contribute significantly include tourism and silk production. Jharkhand is the largest producer of tussar silk in India.
- The state has experienced strong economic growth, with its GSD
The document provides an overview of the real estate sector in India. Some key points:
- The size of India's real estate market is expected to grow from $126 billion in 2015 to $853 billion by 2028, representing a CAGR of 15.85%.
- Rapid urbanization, growing income levels, and a large young population are driving demand for residential and commercial real estate across major cities.
- The government has introduced initiatives like the Housing for All scheme and increased FDI limits to boost investment and development in the sector.
- Segments like residential, retail, and commercial real estate are expected to see strong growth, with demand for office and retail space centered in cities like Delhi, Bengaluru
Gujarat has experienced high economic growth rates in recent years, with its gross state domestic product growing at an average annual rate of 11.56% from 2005-06 to 2015-16. The state ranks second in India as an investment destination and is a leading producer of crude oil and dairy products. Gujarat also has a strong textile industry and received over US$1 billion in investments under its textile policy between 2012-2017. The state government has developed infrastructure and offers various incentives to attract business opportunities and promote sectors like industry, power, ports, agriculture and minerals.
Gujarat has experienced strong economic growth, with its GSDP growing at an average annual rate of 11.56% from 2005-06 to 2015-16. The state's per capita GSDP and NSDP have also increased substantially over this period. While the tertiary sector is the largest contributor to GSDP, all three sectors - primary, secondary and tertiary - have experienced robust growth. Agriculture is an important part of the economy, with production of crops like rice, wheat, cotton and groundnuts. The state government is undertaking various initiatives and investments to further promote agriculture and rural development.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. Korba district is known as the power capital of India. The state has emerged as a preferred investment destination and has seen strong growth in the agriculture sector. E-commerce and startups have also begun growing, establishing Raipur as a startup hub.
Maharashtra is India's second largest state by area and population. It has the highest GDP of all Indian states and is a leader in industry and services. Some key facts about Maharashtra's economy:
- GSDP in 2015-16 was US$300.51 billion, highest of any state and accounting for 12.98% of India's GDP.
- Major industries include textiles, chemicals, engineering goods, food processing and petroleum refining. Mumbai is India's financial hub.
- Agriculture is also important, with the state being a top producer of sugarcane, soybeans, pomegranates, and cotton.
- Infrastructure is well-developed, with ports,
Maharashtra has the highest GDP contribution and FDI of any Indian state. It is the most industrialized state with major industries in sectors like automobiles, pharmaceuticals, and engineering. Mumbai is India's financial and commercial capital. The state aims to achieve 12.5% annual GDP growth through policies supporting sectors like agriculture, industry, infrastructure and tourism. It has a well-developed infrastructure and skilled workforce.
Maharashtra is India's second largest state by area and population. It has the highest GDP of all Indian states and is the most industrialized and urbanized. Some key facts about Maharashtra's economy:
- GSDP in 2015-16 was US$300.51 billion, highest of any Indian state and accounting for 12.98% of India's GDP.
- Major industries include finance, IT, manufacturing, and film/media. Mumbai is India's financial hub.
- Agriculture is also significant, with Maharashtra among the top producers of sugarcane, soybeans, pomegranates, and cotton.
- Infrastructure is well-developed with ports, airports, roads,
Karnataka has experienced strong economic growth in recent years.
- The state's GSDP increased at a CAGR of 13.11% between 2011-12 and 2017-18, reaching Rs. 12.69 trillion (US$ 196.88 billion) in 2017-18.
- Karnataka's per capita GSDP grew at a CAGR of 11.89% during the same period, reaching Rs. 193,409 (US$ 3,001) in 2017-18.
- The state has a large industrial and services base, particularly in IT, and is considered the Silicon Valley of India.
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the most at 35.55% of the GSVA. The tertiary sector grew at 11.07% between 2011-12 and 2016-17. FDI inflows between April 2000 to June 2018 totalled US$ 970 million. Goa attracted over 6.8 million domestic tourists and 890,459 foreign tourists in 2017. The state's per capita GSDP of Rs. 425,749 (US$ 6,346) in 2016-17 was one of the highest in India.
Goa is a state located on India's west coast with a tropical climate. Its economy is driven by industries like mining, tourism, and pharmaceuticals. Some key points:
- Goa has a gross state domestic product of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17 and is one of the fastest growing states in India.
- Major economic sectors include mining (iron ore production of 6.08 million tonnes in 2017-18), tourism (over 7 million domestic tourists in 2017), and pharmaceuticals.
- The state enjoys strong infrastructure like an international airport and Mormugao Port, which handled over 33 million tonnes of cargo in 2016-17
Goa is one of India's fastest growing states with a GSDP of US$8.55 billion in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. In 2016-17, Mormugao Port saw remarkable growth with traffic increasing 59.70% to 33.18 million tonnes. Goa also has a well-developed infrastructure and is a popular tourist destination receiving over 6,80,683 foreign tourists in 2016.
Goa has a well-developed economy driven by industries like mining, tourism, and pharmaceuticals. It has experienced strong economic growth, with GSDP increasing at a CAGR of 16% between 2004-2005 and 2011-2012. Goa also has one of the highest per capita incomes and literacy rates in the country. The state's economy is facilitated by good infrastructure including ports, airports, and roads. Key sectors include mining, tourism, pharmaceuticals, and fisheries.
The document provides an overview of Goa, India including:
- Goa is a major iron ore producer and its iron ore exports have grown significantly. Mormugao Port also reflected remarkable growth.
- Goa has a strong economy and is one of the fastest growing states in India. Its gross state domestic product was $7.24 billion in 2014-15.
- Tourism is also a major industry and in 2015 foreign tourist footfall reached over 541,480.
Maharashtra State : Mumbai Finance Gateway to IndiaJhunjhunwalas
- Maharashtra has a well-developed physical infrastructure including 4,257 km of national highways and over 410,000 km of total roads.
- The state is connected to neighboring states and other parts of India through 18 national highways. A notable highway is the 93 km Mumbai-Pune expressway.
- As of 2011, 97.8% of villages in Maharashtra were connected by all-weather roads.
Punjab has a strong economy driven by agriculture and textiles. The state's GSDP grew at a CAGR of 10.2% between 2011-12 and 2017-18 reaching Rs. 4.77 trillion, with tertiary sector contributing the most at 46.7%. Punjab is a leader in wheat and rice production in India and has emerged as a key textiles hub, with the sector attracting significant investments. The state focuses on renewable energy and aims to achieve 4,772 MW solar capacity by 2022. With good infrastructure, supportive policies and focus on key sectors, Punjab offers opportunities for economic growth.
Punjab has a strong agricultural base and is one of India's largest producers of wheat and rice. The state is focusing on increasing renewable energy sources such as solar and biomass. Punjab also has well-developed infrastructure and is a major hub for textiles industries like yarn, garments and hosiery due to its textile policies and incentives. The state aims to improve connectivity and develop sectors like automotive and IT by 2022.
Punjab has a strong economy, with its GSDP reaching Rs. 4.77 trillion (US$ 74.09 billion) in 2017-18, growing at a CAGR of 10.2% between 2011-12 and 2017-18. The state's per capita GSDP and NSDP also grew at impressive rates of over 8% during the same period. Punjab has a diverse economy with key sectors including agriculture, textiles, automotive and auto components. The state aims to further diversify its economy and attract investments in sectors such as agro-based industries, IT & ITeS through various incentives and initiatives.
Maharashtra has the highest GDP contribution and FDI of any Indian state. It is the most industrialized state and has a well-developed infrastructure and skilled workforce. The state government aims to accelerate economic growth through policies promoting sectors like agriculture, industry, infrastructure and tourism. Maharashtra has a GDP of $300.51 billion and per capita GDP of $2,545 as of 2015-16.
Punjab has emerged as a key textiles hub and agricultural producer in India. The state contributes 2.72% to India's total GDP. Punjab's economy has grown at a CAGR of 9.97% between 2011-12 to 2018-19, with services becoming the largest sector. The state is focusing on renewable energy and attracting investments in sectors like textiles, agriculture, automotive and IT.
Punjab is focused on increasing renewable energy generation and has emerged as a key textiles hub. It has strong agriculture production, particularly of rice, maize, sugarcane and barley. Punjab has the best infrastructure facilities in India, including roads, railways, airports and other connectivity. The state government is promoting industries and improving agriculture through various policies and incentives.
Punjab has emerged as a key textiles hub and has a strong agricultural base as the largest wheat and rice producer in India. The state economy is growing at a compound annual growth rate of 10.2% with services contributing the most at 46.7% of GSDP in 2017-18. Punjab aims to increase focus on renewable energy and attract more investment from agriculture and services.
Jharkhand is rich in mineral resources and is one of the leading producers of minerals in India. Some key points:
- Jharkhand has 40% of India's mineral reserves and is the sole producer of coking coal, uranium, and pyrite in the country.
- It is one of the largest producers of coal, iron ore, copper, and manganese in India. Steel production in the state accounts for 20-25% of India's total.
- Other economic sectors that contribute significantly include tourism and silk production. Jharkhand is the largest producer of tussar silk in India.
- The state has experienced strong economic growth, with its GSD
The document provides an overview of the real estate sector in India. Some key points:
- The size of India's real estate market is expected to grow from $126 billion in 2015 to $853 billion by 2028, representing a CAGR of 15.85%.
- Rapid urbanization, growing income levels, and a large young population are driving demand for residential and commercial real estate across major cities.
- The government has introduced initiatives like the Housing for All scheme and increased FDI limits to boost investment and development in the sector.
- Segments like residential, retail, and commercial real estate are expected to see strong growth, with demand for office and retail space centered in cities like Delhi, Bengaluru
Gujarat has experienced high economic growth rates in recent years, with its gross state domestic product growing at an average annual rate of 11.56% from 2005-06 to 2015-16. The state ranks second in India as an investment destination and is a leading producer of crude oil and dairy products. Gujarat also has a strong textile industry and received over US$1 billion in investments under its textile policy between 2012-2017. The state government has developed infrastructure and offers various incentives to attract business opportunities and promote sectors like industry, power, ports, agriculture and minerals.
Gujarat has experienced strong economic growth, with its GSDP growing at an average annual rate of 11.56% from 2005-06 to 2015-16. The state's per capita GSDP and NSDP have also increased substantially over this period. While the tertiary sector is the largest contributor to GSDP, all three sectors - primary, secondary and tertiary - have experienced robust growth. Agriculture is an important part of the economy, with production of crops like rice, wheat, cotton and groundnuts. The state government is undertaking various initiatives and investments to further promote agriculture and rural development.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. Korba district is known as the power capital of India. The state has emerged as a preferred investment destination and has seen strong growth in the agriculture sector. E-commerce and startups have also begun growing, establishing Raipur as a startup hub.
Maharashtra is India's second largest state by area and population. It has the highest GDP of all Indian states and is a leader in industry and services. Some key facts about Maharashtra's economy:
- GSDP in 2015-16 was US$300.51 billion, highest of any state and accounting for 12.98% of India's GDP.
- Major industries include textiles, chemicals, engineering goods, food processing and petroleum refining. Mumbai is India's financial hub.
- Agriculture is also important, with the state being a top producer of sugarcane, soybeans, pomegranates, and cotton.
- Infrastructure is well-developed, with ports,
Maharashtra has the highest GDP contribution and FDI of any Indian state. It is the most industrialized state with major industries in sectors like automobiles, pharmaceuticals, and engineering. Mumbai is India's financial and commercial capital. The state aims to achieve 12.5% annual GDP growth through policies supporting sectors like agriculture, industry, infrastructure and tourism. It has a well-developed infrastructure and skilled workforce.
Maharashtra is India's second largest state by area and population. It has the highest GDP of all Indian states and is the most industrialized and urbanized. Some key facts about Maharashtra's economy:
- GSDP in 2015-16 was US$300.51 billion, highest of any Indian state and accounting for 12.98% of India's GDP.
- Major industries include finance, IT, manufacturing, and film/media. Mumbai is India's financial hub.
- Agriculture is also significant, with Maharashtra among the top producers of sugarcane, soybeans, pomegranates, and cotton.
- Infrastructure is well-developed with ports, airports, roads,
Karnataka has experienced strong economic growth in recent years.
- The state's GSDP increased at a CAGR of 13.11% between 2011-12 and 2017-18, reaching Rs. 12.69 trillion (US$ 196.88 billion) in 2017-18.
- Karnataka's per capita GSDP grew at a CAGR of 11.89% during the same period, reaching Rs. 193,409 (US$ 3,001) in 2017-18.
- The state has a large industrial and services base, particularly in IT, and is considered the Silicon Valley of India.
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the most at 35.55% of the GSVA. The tertiary sector grew at 11.07% between 2011-12 and 2016-17. FDI inflows between April 2000 to June 2018 totalled US$ 970 million. Goa attracted over 6.8 million domestic tourists and 890,459 foreign tourists in 2017. The state's per capita GSDP of Rs. 425,749 (US$ 6,346) in 2016-17 was one of the highest in India.
Goa is a state located on India's west coast with a tropical climate. Its economy is driven by industries like mining, tourism, and pharmaceuticals. Some key points:
- Goa has a gross state domestic product of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17 and is one of the fastest growing states in India.
- Major economic sectors include mining (iron ore production of 6.08 million tonnes in 2017-18), tourism (over 7 million domestic tourists in 2017), and pharmaceuticals.
- The state enjoys strong infrastructure like an international airport and Mormugao Port, which handled over 33 million tonnes of cargo in 2016-17
Goa has a well-developed physical infrastructure that includes roads, ports, airports, and power. The state has 293 km of national highways that connect it to other parts of India. Mormugao Port is a major port that handled over 17 million tonnes of cargo in FY2019. Goa International Airport connects the state to domestic and international destinations. Power infrastructure in the state includes installed capacity of over 550 MW as of February 2019. Overall, Goa's infrastructure facilitates tourism and trade and supports its economic growth.
Goa is one of India's major iron ore producers and Mormugao Port reflected remarkable growth. Goa is also a tourist paradise and one of the fastest growing states in India, with its net state domestic product at about US$ 7.24 billion in 2015-16. The document provides an overview of Goa's economy, key sectors, infrastructure status, business opportunities and acts/policies.
Goa has experienced strong economic growth, with its GSDP increasing at a CAGR of 9.75% between 2005-06 and 2015-16. The state's economy is driven by industries such as mining, tourism, and pharmaceuticals. In 2015-16, the tertiary sector accounted for 46.67% of GSDP, followed by the secondary sector at 46.45%. Goa also has a high per capita GSDP and NSDP, at US$4,784 and US$5,637.96 respectively, reflecting its robust economic performance.
Gujarat has achieved strong economic growth and industrial development with its average annual GSDP growth rate from 2011-12 to 2016-17 being about 13.55 per cent. The state attracted FDI inflows of US$ 19.16 billion between April 2000 to June 2018 and as of October 2018, 379 investment intentions worth Rs 63,990 crore (US$ 9.12 billion) were filed in Gujarat. Gujarat is the preferred investment destination and petro capital of India with oil and gas playing a major role in its economy and has successfully developed world class infrastructure including ports, airports, roads and rail networks to facilitate growth.
Gujarat has experienced high economic growth rates in recent years.
- Gross state domestic product (GSDP) grew at a compound annual growth rate of 13.55% from 2011-12 to 2016-17.
- Per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, a compound annual growth rate of 11.99%.
Gujarat has experienced high economic growth rates in recent years. Its Gross State Domestic Product (GSDP) grew at a compound annual growth rate (CAGR) of 13.47% from 2011-12 to 2016-17. The state's per capita GSDP increased from Rs. 101,075 in 2011-12 to Rs. 178,043 in 2016-17, registering a CAGR of 11.99%. Gujarat is one of the most industrially developed states in India and is a leading exporter, accounting for about a quarter of India's total goods exports despite having only 5% of India's population.
Gujarat has experienced strong economic growth in recent years.
- The state's Gross State Domestic Product grew at a CAGR of 13.47% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- Per capita GSDP increased at a CAGR of 11.99% during the same period, reaching Rs. 178,043 (US$ 2,654) in 2016-17.
- Net State Domestic Product expanded at a CAGR of 13.83% from 2011-12 to 2016-17, amounting to Rs. 10.18 trillion (US$ 151.76
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18. The state is the largest producer of rice and second largest producer of potato in India. Kolkata is emerging as a major IT hub with 25 IT parks established or under development. The document provides an overview of West Bengal's economy, key sectors, policies and initiatives to promote economic growth.
Gujarat has achieved a high average annual GSDP growth rate of 13.55% from 2011-2012 to 2016-2017. The state contributed about 5% of India's total FDI inflows between April 2000 to December 2018, amounting to US$ 20.42 billion. Gujarat also attracted investment commitments of over US$ 1.4 billion under its textile policy 2012 for units such as processing, spinning and weaving. The tertiary sector contributed the largest share to the state's GSDP in 2016-2017 at 35.49%, followed by the secondary sector at 44.08% and the primary sector at 20.43%.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18, making it one of India's largest state economies. The state is the largest producer of rice and second largest producer of potato in India. Kolkata is emerging as a major IT hub with 25 IT parks established or under development. West Bengal received US$ 5.1 billion in FDI from 2000 to 2018 and has potential to attract over US$ 0.71 billion in investments in logistics by 2020.
Punjab is a state in northern India known as the "land of five rivers". The document provides an overview of Punjab's economy and key sectors. It highlights that Punjab has a strong agriculture sector as the largest producer of wheat and rice in India. The industrial sector is also growing, with textiles emerging as a key hub and the state offering various incentives. Punjab has good infrastructure including transportation and aims to further develop renewable energy sources.
Gujarat has achieved strong economic growth with its GSDP increasing at a CAGR of 13.55% from 2011-12 to 2016-17. The state's per capita GSDP increased from Rs. 101,075 in 2011-12 to Rs. 178,043 in 2016-17 at a CAGR of 11.99%. Gujarat has developed as one of the most industrialized states in India, contributing about 25% to India's exports. The secondary sector focusing on manufacturing, construction and utilities has been the fastest growing sector. The state government has implemented various policies to promote sectors like industry, power, ports and agriculture to attract investments.
Gujarat has attracted US$ 16 billion in FDI from April 2000 to December 2016, accounting for 4.6% of India's total FDI inflows. The state government held an expo and summit in Rajkot in January 2016 where MoUs worth US$ 341.88 million were signed. Gujarat has a vision to become a globally competitive, knowledge-based and tourist destination by 2020 through developing world-class infrastructure, attracting investments, and improving social amenities and education.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18. The tertiary sector contributed the most to GSDP at 54% in 2017-18 and grew the fastest among sectors. FDI inflows into West Bengal from April 2000 to December 2018 totalled US$ 5.375 billion, contributing around 1% of India's total FDI inflows.
Gujarat has experienced strong economic growth in recent years, with its Gross State Domestic Product (GSDP) growing at an average annual rate of 13.55% from 2011-12 to 2016-17. The state's GSDP reached Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17. Gujarat's per capita GSDP also increased substantially during this period, reaching Rs. 178,043 (US$ 2,654) in 2016-17. The state has developed significant infrastructure and offers various incentives to support sectors like industry, power, ports, and agriculture. This economic development has been supported by policies to promote investment, build infrastructure, and develop human capital
This document provides an overview of Gujarat's economy and growth potential. Some key points:
- Gujarat has experienced strong economic growth, with its GDP increasing at an average annual rate of 12% between 2004-05 and 2015-16.
- The state has a well-developed industrial and infrastructure sector and is a leader in sectors like petroleum refining and dairy production.
- The government of Gujarat has implemented policies to promote investment and development in sectors like industry, power, infrastructure, and agriculture.
- Gujarat aims to further develop its economy, infrastructure, and human capital to achieve a per capita income of $12,615 by 2020 according to its Vision 2020
West Bengal has a large economy as its GSDP in 2017-18 was US$ 158.40 billion. It is a major producer of rice and potato in India. Kolkata is emerging as an IT hub with 25 IT parks established or being set up. The state aims to increase agriculture productivity, power generation, and improve transportation and social infrastructure by 2022 to further economic development.
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
India is a major producer and exporter of agricultural products globally. Some key points:
- India ranks among the top producers globally for many agricultural commodities like spices, pulses, milk, tea, cashew and jute.
- Agricultural exports from India have grown significantly at a CAGR of 16.45% from 2010-2018 to reach $38.21 billion in FY2018.
- Major agricultural exports include marine products, basmati rice, buffalo meat, spices, cotton, oil products and sugar. Marine product exports alone were $7.39 billion in FY2018.
- Government schemes aim to boost agricultural exports to $60 billion by 2022 and $100 billion
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
3. For updated information, please visit www.ibef.orgGOA3
EXECUTIVE SUMMARY
Goa currently* has a total of 38 operational mining leases with a reported production of 6.08 million tonnes
in 2017-18 (up to December 2017).
Exports of iron ore reached 17.64 million tonnes between September 2015 and November 2017.
Total Iron Ore1 traffic handled at Mormugoa Port, Goa in 2017-18P was 10.26 million tonnes.
India’s major iron ore
producer
Mormugao port handled 26.90 million tonnes of cargo in 2017-18.
The average output per ship berth day was recorded to be 12,042 million tonnes during the same period.
Mormugao Port,
reflected remarkable
growth
Goa is one of the fastest growing states in the country. Goa’s Gross State Domestic Product (GSDP) was
Rs 645.44 billion (US$ 9.62 billion) in 2016-17.
Strong economic
growth
Goa is a popular tourist destination due to its natural beauty and bountiful avenues for leisure and relaxation.
During 2017, Goa witnessed arrivals of 6,895,234 domestic tourists and 890,459 foreign tourists.
Tourist paradise
Source: Economic Survey of Goa, Indian ports Association, Goa Tourism Department
Note: * during 2017-18 as per Goa Economic Survey 2017-18, 1 – Includes Pellets, P - Provisional
5. For updated information, please visit www.ibef.orgGOA5
GOA FACT FILE
Source: Census 2011
Goa is located in the western region of India. The state shares its
border with the Arabian Sea to the west, Maharashtra to the north
and Karnataka to the south and the east.
Languages spoken are Konkani, Marathi, Portuguese, Hindi and
English.
Goa’s administrative headquarters are located at Panaji (the state
capital) and Margao. The state has two districts: North Goa and
South Goa.
Goa has a tropical climate, with a monsoons lasting from June to
September. Due to its long coastline, the weather is hot and humid
for the rest of the year.
Parameters Arunachal Pradesh
Capital Panaji
Geographical area (sq km) 3,702
Administrative districts (No) 2
Population density (persons per sq km) 364
Total population (million) 1.46
Male population (million) 0.74
Female population (million) 0.72
Sex ratio (females per 1,000 males) 973
Literacy rate (%) 88.7
6. For updated information, please visit www.ibef.orgGOA6
ADVANTAGE GOA
High Economic Growth
The GSDP (in Rs) increased at a compound
annual growth rate (CAGR) of 8.78 per cent
between 2011-12 and 2016-17.
The state has one of the highest per capita GSDP
in the country and stands at about US$ 6,345.94 in
2016-17.
Facilitating infrastructure
Goa has a well-developed social, physical and
industrial infrastructure, and virtual connectivity.
It has an international airport that is in line its
ambition to be a globally recognised leisure
destination. It also has significant port
infrastructure.
Rich labour pool
Goa’s high rate of literacy has attracted
knowledge-based industries such as
pharmaceuticals, biotechnology and IT.
A large proportion of the population can speak
English, which helps boost the state’s tourism and
ITeS industries.
Strong presence in
mining, tourism and pharmaceuticals
Abundant reserves of iron ore.
Established base for the pharmaceuticals industry
and an emerging destination for knowledge-based
industries such as biotechnology and IT.
High inflow of international tourists driving tourism
revenue.
Advantage
Goa
Source: Economic Survey of Goa 2017-18, Press Information Bureau
7. For updated information, please visit www.ibef.orgGOA7
GOA IN FIGURES
Parameter Goa India
GSDP as a percentage of all
states’ GSDP
0.42 100.0
GSDP growth rate (in Rs) (%) 18.92 10.8
Per capita GSDP (US$) 6,345.94 1,750.29
Goa‘s Contribution to Indian Economy (2016-17)
Parameter Goa India
Installed power capacity
(MW) (July 2018)
549.41 345,494.61
Wireless subscribers (mn)
(March 2018)
2.54 1,183.41
Internet subscribers1 (mn)
(March 2018)
39.51 493.96
National Highway length
(km)
293 122,432
Major and minor ports (No) 1+5 13+187
Airports (No) 1 125
Physical Infrastructure in Goa
Parameter Goa India
Literacy rate (%) 88.7 73.0
Birth rate (per 1,000
population)
12.9 20.4
Social Indicators
Parameter Goa India
Completed and Operational
PPP projects (No)
42 9,068
Industrial Infrastructure
Parameter Goa India
Cumulative FDI equity inflows in
April 2000 – June 2018
0.97 389.72
Investments (US$ billion)
Note: GSDP, per capita GSDP figures are taken at current prices, exchange rate used is average of 2016-17 i.e. 67.09, 1Goa and Maharashtra, Refer to annexure for sources
Note: PPP: Public Private Partnership
8. For updated information, please visit www.ibef.orgGOA8
STATE VISION
Vision 2035
Value chains to
success
Preserve beauty
and serenity
Knowledge centric
Governance
To depend on natural
resources and related logistic
industries, tourism and related
services, healthcare & pharma
industry, etc.
The state plans to be a
knowledge-centric destination in
the upcoming years.
The state plans to preserve its
natural beauty at all costs
To ensure vibrant future for the
habitats of the state.
The foundation of high
quality governance should
be fairness, accountability
and transparency.
Goa plans to emerge as the
most well-governed state in
India.
Goa’s per capita GDP is
twice that of India and the
state aims to exceed that in
the next 25 years.
In spite of its higher literacy
rate, the state plans to move
one step ahead.
To conserve Goa’s biodiversity,
embrace responsible mining,
develop tourism sites.
Source: Goa Chamber of Commerce and Industry
10. For updated information, please visit www.ibef.orgGOA10
ECONOMIC SNAPSHOT – GSDP
At current prices, Goa’s gross state domestic product (GSDP)
was Rs 645.44 billion (US$ 9.62 billion) in 2016-17.
The GSDP (in Rs) increased at a compound annual growth rate
(CAGR) of 8.78 per cent between 2011-12 and 2016-17.
GSDP of Goa at Current Prices
Source: Directorate of Economics and Statistics Goa
8.84
7.00
5.94
7.82
8.29
9.62
423.67
381.20
359.21
478.14
542.75
645.44
0
100
200
300
400
500
600
700
0
2
4
6
8
10
12
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ billion Rs billion
Note: exchange rates used are averages of each year
GSDP Per Capita of Goa at Current Prices
6,031
4,746
3,998
5,230
5,509
6,346
289,192
258,441
241,893
319,827
360,634
425,749
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ Rs
The state’s per capita GSDP was Rs 425,749 (US$ 6,346), one of
the highest in India, during 2016-17.
Goa’s per capita GSDP (in Rs) increased at a CAGR of 8.04 per
cent between 2011-12 and 2016-17.
CAGR 8.04%CAGR 8.78%
11. For updated information, please visit www.ibef.orgGOA11
ECONOMIC SNAPSHOT – NSDP
At current prices, Goa’s net state domestic product (NSDP) was Rs
587.71 billion (US$ 8.76 billion) in 2016-17.
The NSDP (in Rs) increased at a compound annual growth rate
(CAGR) of 9.11 per cent between 2011-12 and 2016-17.
NSDP of Goa at Current Prices
CAGR 9.11%
7.93
6.35
5.30
7.07
7.52
8.76
380.09
345.67
320.43
432.33
492.22
587.71
0
100
200
300
400
500
600
700
0
1
2
3
4
5
6
7
8
9
10
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ billion Rs billion
Source: Directorate of Economics and Statistics Goa
Note: exchange rates used are averages of each year
NSDP Per Capita of Goa at Current Prices
5,411
4,304
3,567
4,729
4,996
5,778
259,444
234,354
215,776
289,185
327,059
387,668
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ Rs
The state’s per capita NSDP was Rs 387,668 (US$ 5,778) in
2016-17.
Goa’s per capita NSDP (in Rs) increased at a CAGR of 8.36 per
cent between 2011-12 and 2016-17.
CAGR 8.36%
12. For updated information, please visit www.ibef.orgGOA12
ECONOMIC SNAPSHOT – PERCENTAGE
DISTRIBUTION OF GSVA
In 2016-17, the tertiary sector accounted for 35.55 per cent of GSVA
at current prices, secondary sector for 55.18 per cent and the
primary sector contributing a share of 9.26 per cent.
At 11.67 per cent, the secondary sector had the highest growth
among all three sectors between 2011-12 and 2016-17, followed by
the tertiary sector (11.07 per cent).
Growth in the tertiary sector has largely been driven by the tourism
industry, which facilitated growth of other related industries such as
banking and financial services, real estate, and business services.
Visakhapatnam port traffic (million tonnes)GSVA Composition by Sector
21.52%
9.26%
47.23%
55.18%
31.25% 35.55%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011-12 2016-17
Primary Sector Secondary Sector Tertiary Sector
-8.55%
11.07%
11.67%
CAGR
Source: Directorate of Economics and Statistics Goa
13. For updated information, please visit www.ibef.orgGOA13
ECONOMIC SNAPSHOT – FDI INFLOWS &
INVESTMENTS
According to the Department of Industrial Policy & Promotion (DIPP),
FDI inflow into the state of Goa, between April 2000 and June 2018
was US$ 970 million.
In 2018 (up to June), six Industrial Entrepreneurs Memorandums
(IEMs) have been filed in Goa with proposed investment of Rs 161
crore (US$ 24.02 million).
The Goa Investment Promotion & Facilitation Board is targeting
investments of Rs 25,000 crore (US$ 7.46 billion) between 2015-20.
Source: Department of Industrial Policy & Promotion, GOA - IPB
Investment Intentions in Terms of IEMs Filed
Year Number
Proposed
investments
(US$ million)
2016 13 186.35
2017 12 20.48
2018 (up to June) 6 24.02
Visakhapatnam port traffic (million tonnes)FDI Inflows to Goa (US$ million)
302
38
9 17 35 18
83
43
3
724
762 771 788
823 841
924
967 970
200
400
600
800
1,000
1,200
1,400
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Q1
FY19
Annual FDI Inflow
Cumulative from April 2000 – June 2018
14. For updated information, please visit www.ibef.orgGOA14
ECONOMIC SNAPSHOT – EXPORTS
Merchandise Exports from Goa (US$ billion)
1.60 1.60
2.28
2.10
0.00
0.50
1.00
1.50
2.00
2.50
2014-15 2015-16 2016-17 2017-18
Merchandise exports from the state reached US$ 2.10 billion in 2017-18.
Drug formulations and biologicals are most exported item from the state with a 51 per cent share in exports in 2017-18. Iron ore, marine products
and agro chemicals are other major exports of Goa.
A new export policy for the state is also being prepared in order to promote exports for manufactured goods and surplus agriculture produce.
Source: DGCIS Analytics, Media Sources
Principal Commodities Exported in 2017-18
51%
12%
5%
4%
3%3%
Drug Formulations, Biologicals
Iron Ore
Marine Products
Agro Chemicals
Iron and Steel
Other
16. For updated information, please visit www.ibef.orgGOA16
PHYSICAL INFRASTRUCTURE – ROADS
NH-17 runs along India's West Coast & links Goa to Mumbai in the
north & Mangalore to the south. NH-4A running across the state
connects Panaji to Belgaum (Karnataka) in the east. As of February
2018, Goa had 293 km of national highways.
The state had a road density of 68.7 km per 1,000 sq. km of area, as
of December 2016.
As per state’s Economic Survey, following road works were under
taken in the state during 2017-18:
• Major district road works were completed with a cost of Rs 12.78
crore (US$ 1.98 million).
• Rural road works were completed with a cost of Rs 68.21 crore
(US$ 10.58 million).
• Central road works were completed with a cost of Rs 39.17 crore
(US$ 6.10 million).
Road type Road length (km)
National highways (As of February 2018) 293
State highways 232
District highways 815
Source: Directorate of Transport PWD: Public Works Department, State Budget 2017-18
Note: Data is as per latest available information, exchange rate used is average of 2017-18 i.e. 64.45
17. For updated information, please visit www.ibef.orgGOA17
The total railway route in Goa is comprising of two rail tracks: the
Konkan Railways line that runs from the north to south & the South-
Western Railways line that runs from west to east. These routes
connect the state to other parts of the country. These routes are
around 167 km long, and cross the most important junction of the
state, the Madgaon railway station. Vasco Da Gama is the next
important railway station in the state.
Konkan Railways, which connects Mumbai, Goa & Mangalore, has
considerably boosted tourism. The Mormugao port is connected
through a broad gauge line.
Four railway overbridges are to be built in Goa with financial support
from the Rail Ministry. The government has pulled off a new double-
decker luxury train service on Konkan Railways route that
commutes tourists from Mumbai to Goa.
On May 22, 2017, state-of-the-art, high-speed, 15 coach train Tejas
Express, with a top speed of 200 km/hour, made its debut. The train
would run between Mumbai to North Goa, covering a distance of
579 km in 8.5 hours. The train has 2 classes — executive chair car
& chair car, and is equipped with facilities like automatic doors,
secured gangways, Wi-Fi, LCD screens, magazines, tea-coffee
vending machines, bio-toilets, etc.
PHYSICAL INFRASTRUCTURE – RAILWAYS
Source: Maps of India
Source: Ministry of Railways – Government of India
18. For updated information, please visit www.ibef.orgGOA18
PHYSICAL INFRASTRUCTURE – AIRPORTS
Goa Airport Passenger Traffic (million) Goa Airport Aircraft Movement
Source: Airports Authority of India
24,326
24,018
27,430
26,804
28,904
33,422
39,030
47,801
50,567
12,920
0
10,000
20,000
30,000
40,000
50,000
60,000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
Q12018-19
2.63
3.08
3.52 3.54
3.89
4.51
5.37
6.86
7.61
1.92
0
1
2
3
4
5
6
7
8
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
Q12018-19
Goa has one airport at Dabolim, which functions as a domestic as well as an international airport. The state is connected to most Indian cities by
air. A second greenfield international airport is being developed in Mopa, Goa with an annual capacity to handle 30 million passengers by phase
IV. The first phase of the airport is expected to start by September 2020.
In Q1 2018-19, Goa Airport handled 1.92 million passengers and 12,920 aircraft movements.
The state has good connectivity in terms of international flights, including chartered flights from European countries.
19. For updated information, please visit www.ibef.orgGOA19
PHYSICAL INFRASTRUCTURE – PORTS
Goa has 255 km of rivers & canals, providing an economical mode
for goods transport. The Mormugao harbour, a multi-purpose general
cargo berth situated in the port town of Vasco-da-Gama, handles
local & international maritime cargo traffic.
The River Navigation Department was established to provide safe,
dependable & affordable transport facilities on different ferry routes
of Goa’s inland waters.
During 2017-18, cargo traffic handled at the port was recorded to be
26.90 million tonnes. In 2018-19 (up to July) the port handled 6.75
million tonnes of traffic.
Major ports Mormugao
Minor ports
Panaji
Chapora
Betul
Talpona
Tiracol
Commodity-wise Traffic Handled at Mormugao Port during
2017-18P
Commodity Quantity (metric tonnes)
POL (Petroleum, Oil & Lubricants) 629,000
Other Liquids 572,000
Iron ore 10,259,000
Thermal & Steam 1,999,000
Coking & others 8,514,000
Container tonnage 425,000
Container TEUs 32,000
Other Misc. Cargo 4,317,000
Source: Ministry of Shipping, Government of India, Indian Ports Association, Mormugao Port Trust
Ports
Note: P – Provisional
20. For updated information, please visit www.ibef.orgGOA20
PHYSICAL INFRASTRUCTURE – POWER
The Electricity Department of Goa was created as a Government
Department in the year 1963. The Electricity Department is the only
licensee in the state of Goa for transmission and distribution of
Electrical Energy. As of July 2018, Goa had a total installed power
generation capacity of 549.41 MW.
Of the total installed capacity, 500.45 MW was managed by central
utilities, 48.91 MW by private utilities and 0.05 MW by state utilities..
Thermal power plants accounted for a significant share in the total
installed capacity with 522.45 MW, whereas nuclear energy and
renewable energy contributed 26 MW and 0.96 MW respectively.
The state generates power from its 48 MW naphtha-based plant of
Reliance Infrastructure Limited and it depends, largely, on the power
allocated from the central generating stations.
The industrial sector is the largest consumer of electricity, followed
by the domestic sector. Goa Electricity Department controls power
infrastructure in the state.
Visakhapatnam port traffic (million tonnes)Installed Power Capacity (MW)
Source: Central Electricity Authority, State Budget 2016-17 Economic Survey of Goa, 2014-15
357.20
380.90
386.90
400.20
430.02
400.02
400.02
412.45
540.56
549.41
549.41
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Note: * - 2018-19 (Up to July 2018)
21. For updated information, please visit www.ibef.orgGOA21
PHYSICAL INFRASTRUCTURE – TELECOM
Goa is among the few states in the country to have 100 per cent
automatic telephone systems with a good network of telephone
exchanges.
Goa has a fibre-optic cable network spread through the state; it
provides high-speed access for a wide range of internet-related
services. All the gram panchayats in the state of Goa are connected
with optical fiber.
As of March 2018, Goa had 2.54 million wireless subscribers and
0.11 million wireline subscribers. Moreover, the tele-density stood at
127.97 per cent.
In December 2016, the Government of Goa announced the launch of
Goa Yuva Sanchar Yojna, under which the state would be providing
100 minutes of free talk time and three GB of internet data every
month, free with a new SIM card.
Source: Economic Survey of Goa, Telecom Regulatory Authority of India
Wireless subscribers (mn) 2.54
Wireline subscribers (mn) 0.11
Internet subscribers (mn)(1) 39.51
Tele-density (%) 127.97
Telecom Infrastructure – March 2018
Some of the major telecom service providers
Bharat Sanchar Nigam Limited (BSNL)
Bharti Airtel
Reliance Jio
Note: 1Denotes Maharashtra including Goa
22. For updated information, please visit www.ibef.orgGOA22
PHYSICAL INFRASTRUCTURE - URBAN
DEVELOPMENT
Panaji is one of the 65 cities identified under the Jawaharlal Nehru
National Urban Renewal Mission (JNNURM). Two projects costing
around US$ 15.6 million have been sanctioned for Panaji.
As per budget 2017-18, US$ 81.81 million would be allocated for Panaji
under the Smart City mission, five major cities to be connected with
tourist places with frequent plying of KTC with a budget of US$22.31
million.
As of 2016-17, the state had a water supply capacity of 400.99 million
litres per day.
Under AMRUT (Atal Mission for Rejuvenation & Urban
Transformation) scheme by the Government of India, the city of
Panaji has been selected from the state of Goa.
Source: JNNURM, Ministry of Urban Development, Public Works Department of Goa, Goa Indicators of Scio-Economic Development 2017
Area Based
Development
Service improvement for urban poor in Mala
Fontainhas area, Integrated Urban Water
Management, Church Square Revitalization,
Provision of basic services in entire area (2 sq
km), etc
Smart
Transportation and
Eco Mobility
Digital Enabled System for Public Bike Share
System, Air Quality monitoring stations, Smart
Parking, Smart Component for buses (GPS,
automated fare collection etc.), etc
Smart
Environmental
Services
Trolley Bins with RFID tags, Biometric
Attendance in 12 Zonal Offices, CCTV
Surveillance of black spots, etc
Smart City Proposal: List of projects in Panaji
24. For updated information, please visit www.ibef.orgGOA24
SOCIAL INFRASTRUCTURE – EDUCATION
Goa has a number of leading engineering, business management, medical and legal institutes. The Maritime School, under the Captain of Ports
Department, Government of Goa, is among the first of its kind in the country.
Goa College of Pharmacy, set up in 1842, is one of the oldest institutes in India. It offers bachelor’s, master’s & diploma courses in pharmacy. The
institute has 60 seats for bachelor's degree, 60 seats for diploma & 36 seats for master’s degree in various fields of pharmacy.
During 2017-18, the total enrolments in schools were recorded to be 239,834.
As per State Budget 2018-19, Goa Government has allocated Rs 18.91 billion (US$ 293.55 million) to the Education sector.
Source: Educational Statistics at a Glance 2017-18, Government of Goa, AISHE 2017-18
Primary schools 1,157
Middle schools 64
Secondary schools 408
Higher secondary schools 100
Primary level and Middle level
teacher – pupil ratio
1:24
Secondary level and Higher
secondary level teacher – pupil
ratio
1:21
School Educational Statistics 2017-18
Universities 3
Colleges 56
Stand Alone Institutions 11
Gross Enrolment Ratio 28.0
Teacher Pupil Ratio 1:15
Higher Educational Statistics 2017-18
25. For updated information, please visit www.ibef.orgGOA25
SOCIAL INFRASTRUCTURE – HEALTH
Goa has some very renowned hospitals including Apollo Victor
Hospital in Margao, Manipal Hospital in Panaji & Vrundavan Shalby
Hospital in Mapusa. As of August 2018, the number of primary health
centres & sub centres in Goa were recorded to be 49 and 220,
respectively.
Further, the state government has also made a provision of US$ 2.43
million for buildings, US$ 0.18 million for books & periodicals & US$
0.70 million for various equipment for Goa Medical College.
As per Budget 2018-19, State Government has allocated Rs 521.27
crore (US$ 80.88 million) to the Health Services sector. A provision
of US$ 0.12 million has also been made for supplies and materials &
US$ 3.10 million is allocated for the completion of the 2nd phase of
the building of Goa Dental College.
Source: Economic Survey of Goa, State Budget 2018-19, NRHM
Primary health centres 49
Sub centers 220
Community health centres 10
District hospitals 3
Sub-District hospitals 2
Government Healthcare Infrastructure (as of August 2018)
Birth rate
1
12.9
Death rate
1
6.7
Infant mortality rate
2
8
Health indicators
Note: 1Per thousand persons, 2Per thousand live births
27. For updated information, please visit www.ibef.orgGOA27
INDUSTRIAL INFRASTRUCTURE
Industry clusters Industries
Verna Rubber, plastics, petroleum products, pharmaceuticals, electronics and telecommunication equipment.
Bicholim Engineering, oil products, plastics, leather, textiles, food processing, soaps and agro products.
Kundaim Rubber, plastics, petroleum products, pharmaceuticals, steel fabrications and aluminum furniture.
Margao Printing, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and industrial diamond tools.
Mormugao Shipbuilding and repair.
Corlim
Metal works, engineering, cold storage, food processing, electronic products, paper products, chemicals, paints
and varnishes.
Vasco Shipbuilding and repair.
Goa Industrial Development Corporation (Goa-IDC) is the nodal agency established for setting up of industrial estates & offering developed plots
to industrial units in the state.
Goa-IDC has established 20 industrial estates, spread across the state’s talukas & is currently working on the expansion of existing industrial
estates as well as establishing new ones.
Seven ITIs (industrial training institutes) in the state of Goa are covered under the World Bank Assisted Vocational Training Improvement Project
(VTIP) while 1 ITI in the state has been taken up by the central government for upgradation through public private partnership.
Source: Goa Industrial Development Corporation
28. For updated information, please visit www.ibef.orgGOA28
SEZ AND INDUSTRIAL ESTATES
As of July 2018, Goa had seven formally approved and three notified
special economic zones (SEZs). However, there are no operational
SEZs in the state and no in-principle approved SEZ.
On completion, the SEZs would primarily cover knowledge-based
industries such as biotechnology and IT/ITeS. The Goa Industrial
Development Corporation (Goa-IDC) assists in establishing
industries in specific industrial areas and estates. Goa-IDC has
established 20 industrial estates in various talukas of Goa. It plans to
expand eight of these existing units and establish another five
industrial estates.
The multi-modal logistics park in Balli will be fully operational by
October 2018.
The Government is committed to make Goa an aspirational
investment destination for best-in-class manufacturing, tourism,
entertainment and other service industries, including research and
knowledge-based industries. Accordingly, the Government has set
an ambitious target of creating 50,000 jobs by 2019, facilitating new
investments of around US$ 4.2 billion in the state during 2014-19.
Sector-wise formally approved SEZs
Sector Developer
Number
of SEZs
Area
(Hectares)
IT/ITeS K. Raheja Corp Pvt. Ltd. 1 105.91
Biotechnology
Peninsula Pharma
Research Centre Pvt
Ltd
1 20.37
Pharmaceuticals
Meditab Specialities Pvt
Ltd
1 123.20
IT/ITeS
Paradigm Logistics and
Distribution Pvt Ltd
1 40.25
Gems and
Jewellery
Planet Mercantile
Company
1 13.28
Biotechnology
Inox Mercantile
company
1 48.48
IT
Panchbhoomi
Infrastructure
1 18.5
Source: Ministry of Commerce & Industry, Department of Commerce, Goa Industrial Development Corporation, Economic Survey of Goa
30. For updated information, please visit www.ibef.orgGOA30
KEY SECTORS – MINING… (1/2)
The mining belt of Goa covers an area of approximately 700 sq km &
is mostly concentrated in the 4 talukas of Bicholim, Salcete,
Sanguem & Quepem.
The iron ore in Goa is export oriented with average annual export
from Goa at around 30 million tonnes. Value of minerals produced
(excluding fuel minerals) in Goa in 2017-18 (up to January 2018)
reached Rs 620.55 crore US$ 96.29 million.
Most mines in Goa are of open-cast type, which necessitates the
removal of over burden overlying the iron ore formations. During
2015-16, the state government created a separate District Mineral
Foundation under the MMDR Act, 1957, as per which the state’s
mining firms need to deposit an additional amount of 30 per cent of
the royalty paid to this fund.
Under State Budget 2018-19, Rs 22.77 crore (US$ 3.53 million) was
allocated to the mining sector.
Source: Ministry of Mines, Government of India
Mineral Reserves (In ‘000 tonnes)
Iron ore-hematite 6,42,113
Iron ore-magnetite 2,15,557
Manganese 23,271
Bauxite 53,072
Quartz/silica sand 20,004
Goa mineral reserves*
Note: * - As per latest available data
31. For updated information, please visit www.ibef.orgGOA31
KEY SECTORS – MINING… (2/2)
Formaly known as Sesa Goa, is one of the world's largest global diversified natural resource majors, with
operations across zinc-lead-silver, oil & gas, iron ore, copper, aluminium and commercial power.
Vedanta has large iron ore mines in Goa and Karnataka and a pig iron plant in Goa. The mining operations are
carried out at the Codli group and the Sonshi group of mines in Goa.Vedanta Limited
32. For updated information, please visit www.ibef.orgGOA32
KEY SECTORS – TOURISM AND HOSPITALITY
Innovative marketing strategies to project Goa as an all-time leisure
destination have resulted in higher tourist inflows over the years. With
the continuous in-flow of tourists, Russian & European tourists, in
collaboration with locals from Arambol to Patnem, have started
offering yoga training classes to people.
During 2017, Goa witnessed arrivals of 6,895,234 domestic tourists
and 890,459 foreign tourists. E–visa facility issued at Dabolim airport,
Goa from January 2017 – December 2017 was 133,798.
During 2017-18 (up to October 2017), the hotel rooms available in the
state increased by 7.93 per cent year-on-year.
For the year 2018-19, the state government had made an allocation
of Rs 219.53 crore (US$ 34.06 million) to the tourism sector.
Source: Department of Tourism, Government of Goa, Economic Survey of Goa, 2014-15
Visakhapatnam port traffic (million tonnes)Tourist Arrivals in Goa (million)
2.21
2.02 2.13 2.2 2.22 2.33
2.62
3.54
4.76
5.65
6.90
0.39
0.35 0.38 0.44 0.45 0.45
0.49
0.51
0.54
0.68
0.89
0
1
2
3
4
5
6
7
8
9
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Domestic Foreign
33. For updated information, please visit www.ibef.orgGOA33
KEY SECTORS– FISHERIES
Goa has a coastline of about 104 kms and inland waterways of about
250 km. The coast is full of creeks and estuaries formed by rivers;
144.28 thousand tonnes of marine fish and 5.33 thousand tonnes of
inland fish were harvested in 2017.
As per budget 2018-19, Fisheries has been allotted an annual fund
of Rs 6,900 crore (US$ 10.71 million).
Marine fish production in the state in 2017 was 120,430 tonnes while
inland fish production was 5,332 tonnes.
Annual fish catch (‘000 tonnes)
Source: Economic Survey of Goa, 2017-18 State Budget 2016-17
91.1 88.7 80.6 87.0
86.1
86.6
87.9
128.1
105.7
101.1
144.3
2.4
3.0 3.2 3.3
3.5 3.8 4.6
3.7 4.6
4.4
5.3
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.0
50.0
100.0
150.0
200.0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Marine (LHS) Inland (RHS)
Marine Fish Production in Goa (‘000 tonnes)
Source: Department of Animal Husbandry, Dairying and Fisheries,, Ministry of Agriculture, Government of India, State Budget 2018-19
Note: 2016-17(P) – provisional, Conversion rate = 64.45
86.60 88.00
128.10
108.20
101.10
120.40
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
2012 2013 2014 2015 2016 2017
35. For updated information, please visit www.ibef.orgGOA35
KEY INVESTMENT PROMOTION OFFICES
Agency Description
Goa Industrial Development
Corporation (Goa-IDC)
It has been established with the purpose of securing land and assisting in fast and orderly establishment of
industries in the 20 designated industrial areas and estates.
Economic Development
Corporation
This is a state Government-promoted financial institution to operate and manage government-promoted
financial schemes.
It acts as an investment company and provides financial assistance to entrepreneurs for starting as well as
expanding business units.
The Goa State Infrastructure
Development Corporation
This was set up as a Special Purpose Vehicle (SPV), with the basic aim to develop infrastructure in a time-
bound manner.
Goa Handicrafts Rural and Small
Scale Industries Development
Corporation
It promotes traditional arts and crafts, fashioned by the state’s artists and artisans.
It performs functions related to procurement and distribution of indigenous and imported raw material,
especially for small scale units.
It has been instrumental in starting the ‘Deen Dayal Swayamrojgar Yojana’, a scheme to develop self-
employment opportunities for the youth.
Goa Tourism Development
Corporation
It promotes tourism and related activities in Goa.
It focuses on developing eco-tourism, heritage tourism, adventure tourism, medical tourism and event
tourism.
Goa Horticulture Corporation
It promotes investments in export-oriented projects, especially for the cultivation of exotic fruits and
vegetables, floriculture, etc.
It is entrusted with the development of horticulture estates and establishment of sales outlets for local
produce through establishments called ‘Krishi Ghars’.
Info Tech Corporation of Goa Ltd
(ITG)
It looks after the development of IT-related infrastructure, ITeS and implementation of the government’s
e-governance objectives.
36. For updated information, please visit www.ibef.orgGOA36
CONTACT LIST
Udyog Bhavan,
Panaji- 403 001 Goa
Phone: 91-832-2226377
Website: http://www.goaditc.gov.in/
Directorate of Industries, Trade and Commerce
Narayan Rajaram Bandekar Bhavan, T.B Cunha Road,
P.O. Box 59, Panaji - 403 001
Phone: 91-832-2424252
E-mail: goachamber@goachamber.org
Website: http://www.goachamber.org/
Goa Chamber of Commerce & Industry
37. For updated information, please visit www.ibef.orgGOA37
KEY APPROVALS REQUIRED
Approvals and clearances required Departments to be consulted Estimated time in days
Incorporation of company Registrar of Companies N.A.
Registration, Industrial Entrepreneurs Memorandum (IEM),
Industrial Licences
High Powered Coordination Committee (HPCC) for large
and medium-sized projects, Director of Industries, Trade
and Commerce for small and micro projects
N.A.
Allotment of land Goa-IDC 8 to 15
Permission for land use Goa-IDC 8 to 15
Site environmental approval
Goa State Pollution Control Board and Ministry of
Environment and Forests
60
No objection certificate and consent under Water and
Pollution Control Acts
Goa State Pollution Control Board 7 to 14
Approval of construction activity and building plan Town and Country Planning Authority 30
Sanction of power State Electricity Department Up to 60
Registration under the State Sales Tax Act and Central
and Excise Act
Sales Tax Department and Central and State Excise
Department
N.A.
N.A. – Not Available
38. For updated information, please visit www.ibef.orgGOA38
APPROVAL PROCESS … (1/2)
The Goa Industrial Policy 2003 has revamped the single-window clearance mechanism in the state.
HPCC, chaired by Goa’s Chief Minister, has been appointed responsible for dealing with large projects. Members of the committee include senior-
most officers of concerned state departments.
The Director of Industries, Trade and Commerce handles small scale industries. The Goa-IDC and the District Industries Centre act as nodal
agencies for various projects in the state. Goa-IDC handles the creation of SEZs in the state.
Greater than US$
1.09 million
HPCC
Department of
Industries, Trade
and Commerce
Director of
Industries, Trade
and Commerce
The Chief Minister
District Industries
Centre
Goa Industrial
Development
Corporation
(Goa-IDC)
Nodal agency
Under the
Chairmanship ofInvestment handled
Below US$ 1.09
million
39. For updated information, please visit www.ibef.orgGOA39
APPROVAL PROCESS … (2/2)
Goa Investment Policy 2013, which laid a special thrust on development of Special Investment Regions, aims to kick start investment in Goan
economy.
This policy aims to articulate various initiatives being undertaken to make Goa a preferred and aspirational investment destination.
It aims to create an institutional framework for facilitating investments in the thrust areas as well as other areas decided upon by the Investment
Promotion Board (IPB)/Government of Goa on an ongoing basis.
Evaluation and
recommendation by
satellite expert
consultant
IPB decision on
investment proposal
along with all
approving authorities
Check on land
availability in
industrial estates
Process for industrial set up in Goa
15 days Rejection
IPB
approval
Detailed
templatised
proposal submitted
to IPB
Land not available
Land
earmarked
30 days
Evaluation and
recommendation by
satellite consultant
Nodal officer
approval who would
assist with all
approvals Approval
Rejection
Receipt of all
clearances for unit to
establish facility and
start operations
30 days30 days30 days
Preliminary Project
Report submitted to
IPB
40. For updated information, please visit www.ibef.orgGOA40
COST OF DOING BUSINESS IN GOA
Cost parameter Cost estimate
Industrial land (per sq ft) US$ 10–50
Office space rentals (per sq ft per month) US 60 cents to US$ 2
Residential rentals (for a 2,000 sq ft house per month) US$ 800–1,300
Five-star hotel room (per night) US$ 160–800
Power cost (per kWh) Industrial: US 4.7–7.3 cents
Labour cost (minimum wage per day) US$ 3.9–5.5
Source: Industry sources, Goa-IDC, Ministry of Labour and Employment, Government of India, Electricity Department, Government of Goa
41. For updated information, please visit www.ibef.orgGOA41
STATE ACTS & POLICIES … (1/2)
The government has notified the Goa Start-up Policy 2017 with the following objectives:
• Make Goa a hub of high value start-ups.
• Attract entrepreneurial talent to the state and build a robust start-up eco-system in Goa
• Provide assistance to local entrepreneurs and start-ups
• Create at least 100 successful start-ups in the next five years
The Government of Goa has introduced the new Goa Investment Policy 2014 in order to boost investor confidence and attract new industries to Goa.
Main objectives of the new policy include: making Goa an aspirational investment destination by making business a pleasure, for best in class
manufacturing, knowledge-based, tourism, entertainment and other service industries, while improving the environmental and social indicators of the
state.
The state Government 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.
42. For updated information, please visit www.ibef.orgGOA42
STATE ACTS & POLICIES … (2/2)
Objectives
IT Policy 2015
To make state of Goa most preferred destination for investors there by making IT/ITeS/ESDM a vibrant industry
leading to inclusive growth and employment generation.
Mining Lease Policy,
2014
The state Government can directly auction the leases in order to secure the best returns for the grant of leases by
way of a competitive bidding process.
Goa Investment Policy
2014
Creating 50,000 jobs and investing US$ 4.2 billion in new projects in the next five years.
Providing 24x7 high-quality power supply and logistics infrastructure to industries.
Biotech Policy 2006
To ensure accelerated growth in all areas of the biotechnology sector such as education, research and economic
sectors covering healthcare, agriculture, industry, services, environment management and employment generation.
Objectives of the policy include prioritisation of the thrust areas for basic and applied research and technology
development, and promotion of innovations in R&D by providing financial and infrastructural support.
Goa Special Economic
Zone Policy 2006
To augment infrastructure facilities to boost exports.
Industrial Policy 2003
To ensure accelerated industrial development, catalyse economic growth and balanced regional growth, protect
the environment and create sustainable employment for local youth of the state.
Key areas identified are pharmaceuticals, drugs and biotechnology, food processing, agro-based, IT and IT-
enabled services, eco-tourism/heritage tourism/adventure tourism/event tourism/medical tourism and
entertainment industries.
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44. For updated information, please visit www.ibef.orgGOA44
ANNEXURE…(1/2)- SOURCES
Data Sources
GSDP (state) Directorate of Economics and Statistics, Goa
Per capita GSDP figures MOSPI, Directorate of Economics and Statistics, Goa
GSDP (India) MOSPI
Installed power capacity (MW) Central Electricity Authority, as of April 2018
Wireless subscribers (No)
Telecom Regulatory Authority of India, as of
February 2018
Internet subscribers (Mn) Telecom Regulatory Authority of India
National highway length (km) Ministry of Road Transport and Highways
Number of Ports India Ports Association
Airports (No) Airports Authority of India
Literacy rate (%) Census 2011
Birth rate (per 1,000 population) SRS Bulletin, September 2017
Cumulative FDI equity inflows (US$ billion) Department of Industrial Policy & Promotion, From April 2000 to December 2017
Operational PPP projects (No) DEA, Ministry of Finance, Government of India
45. For updated information, please visit www.ibef.orgGOA45
ANNEXURE…(2/2) - EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve Bank of India, Average for the year
46. For updated information, please visit www.ibef.orgGOA46
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