Goa

Goa is located in the western region of India. The state shares its border with the Arabian Sea to the west, Maharashtra to the north and Karnataka to the south and the east. It is one of the fastest-growing states in the country. Goa has a coastline of about 104 km and inland waterways of about 250 km. The coast is full of creeks and estuaries formed by rivers.

At current prices, Goa’s Gross State Domestic Product (GSDP) (projected) was Rs. 1.31 lakh crore (US$ 13.97 billion) in 2026-27. The GSDP (in Rs.) increased at a CAGR of 8.19% between 2015-16 and 2026-27.

In 2024-25, the tertiary sector accounted for 47.07% of the Gross State Value Added (GSVA) at current prices, followed by the secondary sector at 46.92% and the primary sector at 6.02%.

At current prices, Goa’s Net State Domestic Product (NSDP) stood at Rs. 99,384.07 crore (US$ 11.47 billion) in 2024-25. The NSDP (in Rs.) increased at a CAGR of 7.84% between 2015-16 and 2024-25.

Goa has a strong presence in the fishing, agriculture, tourism, and pharmaceutical sectors. Mining (iron ore and manganese), pharmaceuticals, iron and steel industries are present in North Goa while mining and shipbuilding industries are present in South Goa.

Goa’s merchandise exports were valued at Rs. 24,716.76 crore (US$ 2.81 billion) in FY26. Drugs and Pharmaceuticals were the most exported items from Goa, accounting for 47.84% of total exports. Engineering Goods (19.59%), Organic Chemicals (7.74%), Electronic Goods (5.81%) and Marine Products (4.37%) were the other key export commodities from the state.

Goa has also emerged as a manufacturing base for several leading companies in areas such as fertilisers, tyres and tubes, cement, electrical machinery, fish-net-making machines, automatic washing machines, printed circuit boards, pharmaceuticals, and pharmaceutical machinery. Cashew processing has also been a traditional industry in the state.

Goa has a coastline of ~104 km and inland waterways of ~250 km.

According to the Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investment (FDI) inflow in the state stood at Rs. 1,824.86 crore (US$ 230.87 million) between October 2019-March 2026.

As of December 2025, Goa had a total of 2.45 million subscriber base (wireless + wireline).

Following is some of the major initiatives taken by the Government to promote Goa as an investment destination:

• In State Budget FY27, Goa allocated Rs. 5,068 crore (US$ 541.68 million) to the energy sector, including Rs. 2,644 crore (US$ 282.60 million) for power purchases, to strengthen electricity supply and power infrastructure.
• In State Budget FY27, Goa allocated Rs. 1,892 crore (US$ 202.22 million) to transport, including Rs. 1,143 crore (US$ 122.17 million) for roads and bridges infrastructure.
• In State Budget FY27, Goa allocated Rs. 807 crore (US$ 86.25 million) to agriculture and allied activities, including Rs. 243 crore (US$ 25.97 million) for crop husbandry.
• In State Budget FY27, Goa allocated Rs. 631 crore (US$ 67.44 million) to urban development, including Rs. 375 crore (US$ 40.08 million) for capital outlay on urban infrastructure projects.
• Goa recorded 54.55 lakh tourist arrivals in H1 2025, including 51.84 lakh domestic and 2.71 lakh international visitors, with January witnessing the highest footfall.
• The Mormugao Port Authority is targeting an investment pipeline of Rs. 6,160 crore (US$ 712.39 million) through 25 MoUs signed at the India Maritime Week in October 2025, while the Goa government secured Rs. 200 crore (US$ 23.13 million) for waterways infrastructure.
• On October 4, 2025, the Indian Renewable Energy Development Agency (IREDA) commissioned a 45 kW on-grid solar system at a water-pumping station in North Goa, expected to generate about 60,000 units annually, fully solarising the pumping load.
• On October 4, 2025, Union Home Minister Mr Amit Shah inaugurated the ‘Mhaje Ghar Yojana’ and laid foundation stones for development projects worth Rs. 2,452 crore (US$ 295 million) in Goa.
• On September 26, 2025, NBCC (India) Limited signed an agreement with the Government of Goa to redevelop seven key infrastructure sites in Goa with an estimated project value of Rs. 1,700 crore (US$ 196.60 million).
• On May 29, 2025, the Goa Cabinet approved tourism projects worth Rs. 211 crore (US$ 24.4 million), including the Rs. 125 crore (US$ 14.46 million) Porvorim Town Square, a Rs. 22 crore (US$ 2.54 million) Creek Experience, and a Rs. 64 crore (US$ 7.4 million) museum in Farmagudi.
• On February 12, 2025, the Goa Industrial Development Corporation (Goa-IDC) approved over Rs. 100 crore (US$ 12.12 million) in infrastructure upgrades across its 24 industrial estates.
• In February 2025, The Goa Investment Promotion Board approved nine projects worth Rs. 733 crore (US$ 84.77 million), expected to generate 2,319 jobs, including expansions by Procter & Gamble and Zydus Lifesciences.
• The Union Ministry of Road Transport and Highways selected a Rs. 700 crore (US$ 80.95 million) Goa project to pilot AI-driven Automated and Intelligent Machine-aided Construction (AIMC) for the four-laning of the Bendordem–Canacona highway section.
• In July 2024, Union Minister for Road Transport and Highways, Mr. Nitin Gadkari, inaugurated a significant enhancement to Goa's infrastructure by dedicating a 6-lane access-controlled road. This vital corridor features elevated viaducts and connects Manohar International Airport to Dhargal along NH-166S, greatly improving road connectivity in the region.
• In November 2023, the elevated road (Patradevi to Bambolim, the Porvorim stretch) is expected to be 5.2 km long and is expected to resolve the traffic blockage along this section of the NH-66 leading to Panaji and improve access to the Mopa airport. Once complete, the project will allow vehicles to drive at 80-100 kmph as against the current 40-60 kmph.

Goa offers a stable and diversified economic environment, driven by strong performance in tourism, pharmaceuticals, manufacturing, and services. Consistent GSDP growth, high-quality social and physical infrastructure, reliable power availability, and excellent connectivity through ports, highways, and international airports strengthen the state’s investment appeal. Rising exports, steady FDI inflows, and targeted public spending on health, education, urban development, and transport are supporting inclusive growth. With sustained tourism momentum, expanding industrial estates, and a clear transition towards renewable energy, Goa is well positioned for long-term, sustainable economic development.