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Goa-August-2014.Pdf India’s major iron ore • Goa is one of the major iron ore producers in India. The state produced 10.6 million tonnes producer of iron ore during 2012-13. Leading medicine • Goa accounts for around 12 per cent of total medicines produced in India. The state’s manufacturer pharmaceuticals industry generated US$ 2.1 billion in revenue over 2011-12. • Goa is one of the fastest growing states in the country. It had the second-highest per Strong economic growth capita NSDP in the country in 2012-13. • Goa is traditionally known as a tourist paradise for its natural scenery, unique beaches Tourist paradise and cultural diversity. The state attracted 3.1 million tourists, including 492,322 foreign visitors, in 2013. Source: Economic Survey of Goa 2013–14, Aranca Research Strong growth in • The fisheries sector in Goa recorded the highest production since 2009 at 87,984 tonnes fisheries sector in 2013. Fish exports from the state stood at 32,804 tonnes during 2013-14. • Goa is the second state in India to achieve a 100 per cent automatic telephone system Quality infrastructure with a solid network of telephone exchanges. Goa is also one of the few power surplus states in the country, and has achieved 100 per cent rural electrification in 2011-12. Fourth-highest road • Goa has the fourth-highest road density in the country; road density was 285.5 km per 100 density in India sq km as of March 2012 against the national average of 142 km. • According to 2011 census data, Goa has the fourth-highest literacy rate in the country at High literacy rate 88.7 per cent against the national average of 73.0 per cent. Source: Economic Survey of Goa 2013-14, Ministry Of Road Transport and Highways, Government of India, Aranca Research Facilitating infrastructure 2013-14 HighGrowing economic demand growth 2016-17F • Goa has a well-developed social, • Average GSDP growth rate was at Installed about 13.5 per cent between 2004– physical and industrial Peak 05 and 2012-13. infrastructure, and virtual power connectivity. electric capacity: • The state has one of the highest per load: capita incomes in the country. • It has an international airport that is 400 MW in line its ambition to be a globally 815 MW recognised leisure destination. It also has significant port infrastructure. Advantage Goa Strong presence in mining, Rich labour pool tourism and pharmaceuticals • Goa’s high rate of literacy has attracted knowledge-based industries • Abundant reserves of iron ore. such as pharmaceuticals, • Established base for the biotechnology and IT. pharmaceuticals industry and an • A large proportion of the population emerging destination for can speak English, which helps boost knowledge-based industries such the state’s tourism and ITeS as biotechnology and IT. industries. • High inflow of international tourists driving tourism revenue. Source: Economic Survey of Goa, 2012-13, Planning Commission of India, Press Information Bureau GSDP: Gross Domestic State Product • The state plans to preserve its • The foundation of high quality governance should natural beauty at all costs be fairness, accountability • To ensure vibrant future for the and transparency. habitats of the state. • Goa plans to emerge as the • To conserve Goa’s biodiversity, most well-governed state in Governance Preserve beauty embrace responsible mining, India. and serenity develop tourism sites. Vision 2035 • Goa’s per capita GDP is • In spite of its higher literacy twice that of India and the Value chains to Knowledge centric rate, the state plans to move state aims to exceed that in success one step ahead. the next 25 years. • To depend on natural resources and related logistic • The state plans to be a industries, tourism and related knowledge-centric destination in services, healthcare & pharma the upcoming years. industry, etc. Source: Goa Chamber of Commerce and Industry 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 Goa Capital Panaji Geographical area (sq km) 3,702 Administrative districts (No) 2 Population density (persons per sq 394 km) Total population (million) 1.46 Goa is located in the western region of India. The state shares its border with the Arabian Sea to the west, Male population (million) 0.74 Maharashtra to the north and Karnataka to the south and Female population (million) 0.72 the east. Sex ratio (females per 1,000 males) 942 Languages spoken are Konkani, Marathi, Portuguese, Hindi Literacy rate (%)* 88.7 and English. Goa’s administrative headquarters are located at Panaji (the state capital) and Margao. The state has two districts: North Source: Government of Goa Website: www.goa.gov.in, Census 2011 Goa and South Goa. Parameter Goa All states Source Economy 2012-13 2012-13 Planning Commission Databook, GSDP as a percentage of all states’ GSDP 0.4 100.0 Annual Plan 2013-14 of Goa Planning Commission Databook, Average GSDP growth rate (%)* 15.8** 15.6** Annual Plan 2013-14 of Goa Planning Commission Databook, Per capita GSDP (US$) 4,055.1 1,414.4 Annual Plan 2013-14 of Goa Physical infrastructure Installed power capacity (MW) 400.0 248,509.6 Central Electricity Authority, as of May 2014 Ministry of Road Transport & Highways, National Highway length (km) 269 79,116 as of March 2013 Major and minor ports (No) 1+5 13+187 Indian Ports Association Airports (No) 1 133 Airports Authority of India Social indicators Literacy rate (%) 88.7 73.0 Census 2011 Birth rate (per 1,000 population) 13.1 21.6 SRS Bulletin (www.censusindia.gov.in), 2012 *Calculated in Indian Rupee terms, **2004-05 to 2012-13, SRS: Sample Registration System Parameter Goa All-States Source Investment Department of Industrial Policy & Promotion, FDI equity inflows (US$ million) 789 219,407 April 2000 to April 2014 Outstanding investments (US$ billion) 3.5 2,658.2 CMIE (2012-13) Industrial Infrastructure PPP projects (No) 2 1,339 www.pppindiadatabase.com SEZs (No) 3 392.0 Notified as of August 2013, www.sezindia.nic.in PPP: Public Private Partnership, SEZ: Special Economic Zone At current prices, Goa’s Gross State Domestic Product GSDP of Goa at current prices (in US$ billion) (GSDP) was about US$ 6.4 billion in 2012-13. 7.7 The GSDP increased at a compound annual growth rate CAGR 7.4 (CAGR*) of 13.5 per cent between 2004-05 and 2012-13. 13.5%* 6.4 6.1 5.5 4.9 Goa’s economic growth is driven by the strong performance of industrial sectors such as mining, tourism and 3.7 pharmaceuticals. 3.2 2.8 (Q) 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2012-13 2011-12 (P) 2011-12 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-2014, *In Indian Rupee terms P- Provisional Estimates, Q – Quick Estimates Goa’s Net State Domestic Product (NSDP) was about US$ NSDP of Goa at current prices (in US$ billion) 5.5 billion in 2012-13. 8.0 CAGR 6.7 The NSDP rose at a CAGR* of 13.3 per cent between 2004- 6.4 6.5 13.3%* 05 and 2012-13. 5.5 5.3 4.8 5.0 4.2 3.5 3.2 2.8 2.5 2.0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 (P) 2011-12 2012-13 (Q) 2012-13 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-2014, *In Indian Rupee terms P- Provisional Estimates, Q – Quick Estimates The state’s per capita GSDP was US$ 4,055.1, one of the GSDP per capita of Goa at current prices highest in India, over 2012-13. (in US$) 4,219 Goa’s per capita GSDP increased at a CAGR* of 12.0 per 4,164 4,055 CAGR cent between 2004-05 and 2012-13. 3,584 12.0%* 3,328 3,044 2,413 2,202 1,985 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 (P) 2011-12 2012-13 (Q) 2012-13 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-2014, *In Indian Rupee terms P- Provisional Estimates, Q – Quick Estimates The state’s per capita NSDP was US$ 3,012.4, one of the NSDP per capita of Goa at current prices highest in India, in 2012-13. (in US$) Goa’s per capita NSDP increased at a CAGR* of 9.9 per 3,616 3,580 3,146 cent between 2004-05 and 2012-13. CAGR 9.9%* 2,947 3,012 Certain factors, such as substantial foreign exchange 2,699 earnings from mining and tourism industries, contributed to the high per capita NSDP in the state. 2,102 1,718 1,919 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 (P) 2011-12 2012-13 (Q) 2012-13 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-2014, *In Indian Rupee terms P- Provisional Estimates, Q – Quick Estimates In 2012-13, the tertiary sector accounted for 55.5 per cent GSDP composition by sector (US$ 3.6 billion) of GSDP, followed by the secondary sector (31.8 per cent; US$ 2.1 billion) and the primary sector (12.7 CAGR* per cent; US$ 0.8 billion). 45.3% 16.9% 55.5% At 16.9 per cent, the tertiary sector had the highest growth among all three sectors between 2005-06 and 2012-13.
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