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Goa: Six mn tourist arrivals in 2016, five times its population

Goa has well-connected rail and road routes. Being a coastal state, it is also accessible through sea-route and by airways. International carriers operate around 500 air charter flights between Goa and countries like the UK, Germany, Russia, Sweden, Switzerland, Finland, and Norway. The National Highway-17 connects Goa with Mumbai in Maharashtra and other major cities in Karnataka. There are 22 existing industrial estates in Goa, established by Goa Industrial Development Corporation. The state is home to one of the 12 major ports of India, at Mormugao. Total forest cover of Goa spreads across more than 1,424 sq km, covering almost one-third of the state's geographical area, and provides products such as bamboo, Maratha barks, Chillar barks and bhirand. Major minerals produced in Goa include iron ore, manganese, ferro-manganese, bauxite and silica sand. 

 

Key upcoming projects include:

  •  Government has proposed setting up of an IT Hardware and Electronics Park and dedicated industrial parks for MSMEs in light engineering, IT and food processing sectors
  •  Greenfield Airport at Mopa in North Goa
  •  Smart Cities Mission, for which Panaji is the city identified in Goa

Highlights

  • Second highest iron ore concentrate in India
  • Highest growth in traffic (41%) seen by Mormugao port in 2015-16
  • Third highest literacy rate in India
  • GSDP (Current price)

    USD 8 bn (2015-16)

  • GSDP growth rate (YoY)

    14% ( 2015-16)

  • Per capita income

    USD 4,996 (2015-16)

  • FDI inflow

    USD 960 mn (2000-17)

Demographics

Around 67% of the population of Goa lies in the working age group of 15-59 years.

Goa stands at 26th position in terms of population among all states in India.

The total population of Goa is 1.5 mn.

  • 62%

    Urbanisation rate

  • 973

    females/ 1000 males

Skilled manpower
  • State universities

    1

  • Engineering colleges

    11

  • Polytechnic institutes

    4

Key Sectors

Tourism is the highest contributor in the service sector to the state GDP. There were about 6mn tourists arrivals in 2016 and the sector recorded a growth of 20%. The state hosts multiple social and cultural events on global scale.

As per state budget 2016-17, Government of India granted the approval to the state government for constructing the Electronics Manufacturing Cluster in Tuem by providing a central assistance of USD 7.6 mn to the state government.

Export of pharmaceutical products from Goa was recorded to be 5,076 metric tonnes during 2015-16. The pharmaceutical industry is one of the major employers in the state.

The mining belt of Goa covers an area of approximately 700 sq km and is mostly concentrated in Bicholim, Salcete, Sanguem and Quepem. Iron ore exports from the state increased from 0.60 mn tonnes in 2014-15 to 3.57 mn tonnes in 2015-16, thereby witnessing a huge growth. 

Major Investors