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Goa-March-2015.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 highest per capita NSDP Strong economic growth 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. Between January 2014 and August 2014, the state attracted 1.7 million tourists, including 263,428 foreign visitors. Source: Economic Survey of Goa 2013–14, Aranca Research • In 2013, fisheries sector in Goa recorded the highest production since 2009, at 87,984 Strong growth in tonnes of marine fish catch and 4,678 tonnes of inland fish production. Fish exports from fisheries sector the state stood at 33,939 tonnes during 2013. • 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 2013-14 HighGrowing economic demand growth Facilitating infrastructure 2016-17F • Average GSDP growth rate was at • Goa has a well-developed social, Installed about 16.3 per cent between 2004– physical and industrial infrastructure, Peak power 05 and 2012-13. and virtual connectivity. electric capacity: • The state has one of the highest per • It has an international airport that is load: capita incomes in the country. in line its ambition to be a globally 400 MW recognised leisure destination. It also 815 MW has significant port infrastructure. Advantage Goa Strong presence in Rich labour pool mining, tourism and • Goa’s high rate of literacy has pharmaceuticals attracted knowledge-based industries such as pharmaceuticals, • Abundant reserves of iron ore. biotechnology and IT. • Established base for the • A large proportion of the population pharmaceuticals industry and an can speak English, which helps boost emerging destination for the state’s tourism and ITeS knowledge-based industries such industries. as biotechnology and IT. • 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 Value chains to • In spite of its higher literacy twice that of India and the 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 and English. Literacy rate (%)* 88.7 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, Goa and South Goa. Census 2011 Parameter Goa All states Source Economy 2012-13 2013-14 GSDP as a percentage of all states’ Planning Commission Databook, current 0.5^ 100.0 GSDP** prices, October 2014 Planning Commission Databook, current Average GSDP growth rate (%)* -1.96 11.54 prices, October 2014 Planning Commission Databook, current Per capita GSDP (US$) 4,055.1^ 1,833.24**** prices, October 2014 Physical Infrastructure Central Electricity Authority, as of January Installed power capacity (MW) 400.0 258,701.5 2015 Ministry of Road Transport & Highways, National Highway length (km) 262 96,260 as of January 2015 Major and minor ports (No) 1+5 13+187 Indian Ports Association Airports (No) 1*** 125 Airports Authority of India Social Indicators Literacy rate (%) 88.7 74.0 Census 2011 SRS Bulletin (www.censusindia.gov.in), Birth rate (per 1,000 population) 13.0 21.4 September 2014 *Calculated in Indian Rupee terms, ***Includes only operational airports, ^In 2012-13, SRS: Sample Registration System, ****As of December 2014 Parameter Goa All states Source Investment Department of Industrial Policy & Promotion, FDI equity inflows (US$ million) 822 243,228 April 2000 to January 2015 Outstanding investments (US$ billion) 3.5 2,414.2 CMIE (2013-14) Industrial Infrastructure PPP projects (No) 2 1,339 www.pppindiadatabase.com SEZs (No) 3 347 Notified as of March 2015, 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$ 7.8 billion in 2012-13. 9.0 The GSDP increased at a compound annual growth rate 7.8 (CAGR*) of 16.3 per cent between 2004-05 and 2012-13. CAGR 7.4 16.3%* 5.5 6.1 Goa’s economic growth is driven by the strong performance 4.9 of industrial sectors such as mining, tourism and 3.2 3.7 pharmaceuticals. 2.8 2005-06 2007-08 2004-05 2006-07 2008-09 2009-10 2010-11 2011-12 2012-13 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-14, *In Indian rupee terms Goa’s net state domestic product (NSDP) was about US$ NSDP of Goa at current prices (in US$ billion) 6.8 billion in 2012-13. 7.9 The NSDP rose at a CAGR* of 16.4 per cent between 2004- 05 and 2012-13. 6.4 6.8 CAGR 5.3 16.4%* 4.8 4.2 2.8 3.2 2.5 2010-11 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2011-12 2012-13 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-14 *In Indian rupee terms 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$) Goa’s per capita GSDP increased at a CAGR* of 12.0 per 4,164 4,108 4,055 cent between 2004-05 and 2012-13. 3,584 3,328 3,044 CAGR 12.0%* 2,413 2,202 1,985 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-14, *In Indian rupee terms The state’s per capita NSDP was US$ 3,691.7, one of the NSDP per capita of Goa at current prices highest in India, in 2012-13. (in US$) Goa’s per capita NSDP increased at a CAGR* of 12.7 per CAGR 4,395 cent between 2004-05 and 2012-13. 3,692 12.7%* 3,683 3,146 2,947 Certain factors, such as substantial foreign exchange 2,699 earnings from mining and tourism industries, contributed to 1,718 2,102 the high per capita NSDP in the state. 1,919 2007-08 2004-05 2005-06 2006-07 2008-09 2009-10 2010-11 2011-12 2012-13 Source: Planning Commission, Annual Plan 2013-14 of Goa, Economic Survey of Goa, 2013-14, *In Indian Rupee terms In 2012-13, the tertiary sector accounted for 55.5 per cent GSDP composition by sector (US$ 3.6 billion) of GSDP, followed by the secondary sector (31.8 per cent; US$ 2.0 billion) and the primary sector (12.7 CAGR* per cent; US$ 0.8 billion). 45.2% 16.4% 55.5% At 16.4 per cent, the tertiary sector had the highest growth among all three sectors between 2005-06 and 2012-13. It was followed by the primary sector (13.9 per cent), and the 42.5% 9.4% secondary sector (9.4 per cent). 31.8% Growth in the tertiary sector has largely been driven by the 12.3% 13.9% 12.7% tourism industry, which facilitated growth of other related 2004-05 2012-13 (Q) industries such as banking and financial services, real estate, and business services.
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