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Goa is a coastal state located in Western India and is one of the fastest-growing states in the country. The state is also well-connected through rail and road routes and offers a coastline of ~104 km and 248 km of inland waterways.

The state is traditionally known as a tourist paradise, but it also has a robust presence in agriculture and fisheries as well as mining (iron ore and manganese). Being one of the highest literacy rates in the country, the flourishing set of knowledge-based industries, including pharmaceuticals, biotechnology, and IT, are exploring more investment opportunities in Goa.

The state is richly endowed with minerals such as iron ore, manganese, ferromanganese, bauxite, and silica sand. It has about 22 industrial estates established by Goa Industrial Development Corporation and an installed power capacity to produce 650.09 MW. This opens the doors for many new business opportunities in Goa. The state offers a low crime rate and strong infrastructure, including seven formally approved and three notified special economic zones (SEZs) (as of December 2022).

Highest Literacy

4th highest literacy rate amongst Indian states & UTs

Cargo Traffic

Goa is the one of the most urbanized state in India with 62.17% urban population

Iron Ore

Among top 3 states with highest Per Capita Net State Domestic Product in India

Focus sectors Goa


Tourism is the highest contributor to Goa's GSDP under the service sector

The state recorded arrival of 7.01 Mn domestic tourist and 174,800 foreign tourist in 2022 and is a key contributor to the Goan economy. The inauguration of a new airport in Mopa is expected to significantly boost tourism in North Goa. The state has also introduced initiatives like Home Stay Policy to adapt to global changes in the tourism sector. The state hosts multiple social and cultural events on a Global scale annually.

Focus sectors Goa

IT and ITeS

Given the high literacy and presence of knowledge-based industries in the state, the Government of India has granted approval to the state government for constructing a world-class Electronics Manufacturing Cluster in Tuem.

Focus sectors Goa


Goa is a key exporter of pharmaceutical products, and over 90% of the formulations manufactured are exported

Goa is the 4th largest Pharma producer of the country with more than 120 manufacturing units in the pharmaceutical sector. Exports from Goa in the pharma sector account for 10% of the total pharmaceutical exports of India.

Focus sectors Goa


The major mineral reserves of Bauxite, Iron ore and Manganese ore are of economic importance in Goa. The Bauxite Mines are situated in South Goa over an area of 1263.678 Ha with estimated reserves of 70 Mn Tonnes

The mining belt of Goa covers an area of approximately 700 sq. km and is mostly concentrated in Bicholim, Salcete, Sanguem and Quepem.


Urbanisation Rate

Females/ 1000 Males

Female/Male Ratio

Male/Female Ratio


About 67% of Goa's population is in the working-age group of 15-59 years

Goa stands 4th smallest in terms of population among all states in India. The total population of the state is 1.5 Mn.

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

Data On Map

  • Logistics in Goa
  • Industries in Goa


Updates From Goa