Economic Growth of Goa..

Goa

Most people are employed in agriculture.Rice is the main food crop.Irrigated fields produce high yields.Farmers grow 100,000 metric tons of rice on less than 40,000 hectares of land each year.The main cash crops are bananas,cashew nuts, coconuts, mangoes, pineapples, pulses, spices, and sugar cane.The government sponsors poultry and diary farming schemes.

Goa's gross state domestic product for 2007 is estimated at $3 billion in current prices. Goa is one of India's richest states with the highest GDP per capita — two and a half times that of the country as a whole — and one of its fastest growth rates: 8.23% ). Tourism is Goa'smost important  industry: it handles 12%[22] of all foreign tourist arrivals in India. Goa has two main tourist seasons: winter and summer. In the winter time, tourists from abroad (mainly Europe) come to Goa to enjoy the climate. In the summer time (which, in Goa, is the rainy season), tourists from across India come to spend the holidays.

Fishing provides local people with their most important food.Goa is the base for more than 4,000 fishing boats.Goa exports canned or frozen fish.

Goa mining

Goa's huge reserves of minerals such as manganese and iron ore are now being mined extensively.Goa also has deposits of bauxite,clay and limestone.The export of minerals ores,including those of manganese and iron ,make up the largest component of Goa's economy.

Processing cashew nuts for exports is the most important industry in the state.The government has organized  industrial estates, which house a variety of enterprises.Their products include clothing, fertilizers, fishing nets,pesticides,pharmaceuticals,shoes and sugar.

Medium scale industries include the manufacturing of pesticides, fertilisers, tyres,brewery products. The Goa government has recently decided to not allow any more special economic zones (SEZs) in Goa. SEZs are known to bring tax revenues for the government and employment option for local citizens since industries flock there for lower tax rates as compared to other major areas.This decision was taken by state government after strong opposition to SEZs by political parties and Goa Catholic Church.

Goa is also famous for its low excise duty on alcohol. Another source of cash inflow into the state comes from many of its citizens who work abroad and remit money to their families.