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Goa-March-2014.Pdf • Goa was the second largest producer of iron ore in India during 2011-12. The state Second largest iron ore produced 20.3 per cent of the country’s total iron ore and exported over 70.0 per cent of producer output. Leading medicine • Goa accounts for around 12 per cent of total medicines produced in India. The state’s manufacturer pharmaceuticals industry generated revenue of US$ 2.1 billion 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 during 2011-12. • Goa is traditionally known as a tourist paradise for its natural scenery, unique beaches Tourist paradise and cultural diversity. The state attracted 2.8 million tourists, including 450,530 foreign visitors, in 2012. Source: Economic Survey of Goa 2012-13, Aranca Research Strong growth in • The fisheries sector in Goa recorded the highest growth rate of 41.8 per cent among all sectors during 2011-12. Fish exports from the state increased to 40,000 tonnes in 2012 fisheries sector from 37,827 tonnes in 2011. • 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 states in the country to achieve 100 per cent rural electrification. 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 provisional data, Goa has the fourth highest literacy rate in the High literacy rate country at 87.4 per cent, against the national average of 74.0 per cent. Source: Economic Survey of Goa 2012-13, Ministry Of Road Transport and Highways, Government of India, Aranca Research 2011-12 HighGrowing economic demand growth Facilitating infrastructure 2021F • Average GSDP growth rate was at • Goa has a well-developed social, Installed about 16.0 per cent between 2004- physical and industrial infrastructure Power power 05 and 2011-12. and virtual connectivity. demand capacity: • The state has one of the highest per • It has an international airport that is Forecast: capita incomes in the country. in line with its importance as a 708 MW 430 MW globally-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 • Moreover, a large proportion of the emerging destination for population can speak English, which knowledge-based industries such helps boost the state’s tourism and as biotechnology and IT. ITeS industries. • High inflow of international tourists driving tourism revenue. GSDP: Gross Domestic State Product Source: Economic Survey of Goa, 2012-13, Planning commission of India Goa has a tropical climate with a monsoon season, which lasts 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 a 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)* 0.71 the east. Sex ratio (females per 1,000 males)* 968 Languages spoken are Konkani, Marathi, Portuguese, Hindi Literacy rate (%)* 87.4 and English. Goa’s administrative headquarters are located at Panaji (which is also the state capital) and Margao. The state has Sources: Government of Goa Website: www.goa.gov.in, *Provisional data – Census 2011 two districts: North Goa and South Goa. Parameter Goa All-States Source Economy 2011-12 2011-12 2012-13 Planning Commission Databook, GSDP as a percentage of all states’ GSDP 0.4 100 100 current prices Planning Commission Databook, Average GSDP growth rate (%)* 16.0 15.9 15.6** 2004-05 to 2011-12, current prices Planning Commission Databook, Per capita GSDP (US$) 4,166.3 1,434.8 1,414.7 current prices Physical infrastructure Central Electricity Authority, as of Installed power capacity (MW) 430.0 228,721.7 September, 2013 Ministry of Road Transport & Highways, National Highway length (km) 269 79,116 as of March 2013 Major and minor ports (No) 1+5 13+187 Indian Ports Association Airports (No) 1 133 Airports Authority of India Social indicators Literacy rate (%) 87.4 74.0 Provisional data – Census 2011 Birth rate (per 1,000 population) 13.1 21.6 SRS Bulletin (www.censusindia.gov.in), 2012 *Calculated in Indian rupee terms, **2004-05 to 2012-13, SRS: Sample Registration System Parameter Goa All-States Source Investment Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 0.8 206.0 April 2000 to October 2013 Outstanding investments (US$ billion) 3.5 2,658.2 CMIE (2012-13) Industrial Infrastructure PPP projects (No) 2 881.0 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$ 7.5 billion during 2011-12. CAGR 7.4 7.5 The GSDP grew at a compound annual growth rate 6.1 16.0%* 5.5 (CAGR*) of 16.0 per cent over 2004-05 and 2011-12. 4.9 3.6 Goa’s economic growth is driven by the strong performance 3.2 of industrial sectors such as mining, tourism and 2.8 pharmaceuticals. 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms Goa’s net state domestic product (NSDP) was about US$ NSDP of Goa at current prices (in US$ billion) 6.3 billion over 2011-12. 6.3 6.3 The NSDP grew at a compound annual growth rate CAGR 15.5%* (CAGR*) of 15.5 per cent over 2004-05 and 2011-12. 5.3 4.8 4.2 3.2 2.4 2.8 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms The state’s per capita GSDP was US$ 4166.3, one of the GSDP per capita of Goa at current prices highest in India, over 2011-12. (in US$) Goa’s per capita GSDP increased at a compound annual CAGR 4,166.3 4,210.9 growth rate (CAGR*) of 12.3 per cent between 2004-05 and 12.3%* 2011-12. 3,398.1 3,633.0 3,100.9 2,405.4 2,195.0 1,979.1 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms The state’s per capita NSDP was US$ 3,501.0, one of the NSDP per capita of Goa at current prices highest in India, during 2011-12. (in US$) Goa’s per capita NSDP increased at a CAGR* of 11.8 per CAGR 3,620.0 3,501.0 11.8%* cent between 2004-05 and 2011-12. 2,961.6 3,146.3 2,701.5 Certain factors, such as substantial foreign exchange 1,913.3 2,095.5 earnings from mining and tourism industries, contributed to 1,712.3 the high per capita NSDP in the state. 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms During 2011-12, the tertiary sector accounted for 46.2 per GSDP composition by sector cent (US$ 3.4 billion) of GSDP, followed by secondary (30.1 per cent; US$ 2.2 billion), and primary (23.7 per cent; US$ CAGR* 1.7 billion). 45.2% 16.0% 46.2% At 27.0 per cent, the primary sector had the highest growth among all three sectors between 2004-05 and 2011-12. It was followed by the tertiary sector (16.0 per cent), and secondary (10.1 per cent). 30.1% 10.1% 42.5% Growth in the tertiary sector has largely been driven by the tourism industry, which facilitated growth of other related 27.0% 23.7% 12.3% industries such as banking and financial services, real estate and business services. 2004-05 2011-12 Primary sector Secondary sector Tertiary sector Source: Economic Survey of Goa, 2012-2013 *In Indian rupee terms Rice is the major crop in the state followed by coconut, Annual production vegetables, sugarcane, banana and cashew nut. Crop 2012-13 (in tonnes)^ Over 2011-12, the rice production in Goa totaled 121,753 Rice 121,753* tonnes. Coconut 88.96** Groundnut is the principal field oil seed crop in the state. Vegetables 78,308 Sugarcane 46,584* Coconut production in Goa totaled 88.96 million nuts during Banana 25,885 2012-13. Cashew nut 29,950 Cashew processing has been a traditional industry in the Mango 8,542 state. Cashew apple is also used in the production of feni, a local liquor, which has become internationally popular. Groundnuts 8,000* Cashew nut production totaled 29,950 tonnes over 2012-13.
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