India

Economy: 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 and two and a half times that of the country as a whole, and one of its fastest growth rates: 8.23% (yearly average 1990–2000).

Tourism is Goa’s primary industry: it handles 12% 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 splendid climate. In the summer time (which, in Goa, is the rainy season), tourists from across India come to spend the holidays. Tourism is generally focused on the coastal areas of Goa, with decreased tourist activity inland. In 2004, there were more than 2 million tourists reported to have visited Goa, 400,000 of which were from abroad.

The land away from the coast is rich in minerals and ores and mining forms the second largest industry. Mining in Goa focuses on ores of iron, Bauxite, manganese, clays, limestone and silica. The Marmagao Port handled 31.69 million tonnes of cargo last year, and accounts for over 39% of India’s Iron Ore exports. The leaders in the Goan Iron Ore industry include Sesa Goa (now owned by Vedanta) and Dempo. Rampant mining in areas rich in Iron Ore and other minerals is now threatening the forest cover as well as posing a health hazard to the local population. Mining corporations are also indulging in illegal mining in some areas without proper permits.

Agriculture, while of shrinking importance to the economy over the past four decades, offers part-time employment to a sizable portion of the populace. Rice is the main agricultural crop, followed by areca, cashew and coconut. The fishing industry provides employment for about forty thousand people, though recent official figures indicate a decline of the importance of this sector and also a fall in catch, perhaps coupled with the fact that traditional fishing has given way to large-scale mechanised trawling.

Medium scale industries include the manufacturing of pesticides, fertilisers, tyres, tubes, footwear, chemicals, pharmaceuticals, wheat products, steel rolling, fruits and fish canning, cashew nuts, textiles, brewery products.

Zuari Industries (2005 gross income Rs.36,302 million) and Sesa Goa (2005 gross income Rs.17,265 million) are two S&P CNX 500 conglomerates which have corporate offices in Goa.e Goa government has recently decided to not allow any more special economic zones (SEZs) in Goa. This is in stark contrast to policy followed by other states of India. 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 areas. Currently there are 16 planned SEZs in Goa. This decision was taken by state government after strong opposition to SEZs by political parties and Goa Catholic Church.

Goa is also notable for its low liquor prices due to its very 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.

Transport: Goa’s sole airport, the Dabolim Airport, is both a military and civilian airport catering to domestic and international airlines that stop en route to other Indian destinations. In addition to regular flights, the airport handles a large number of chartered flights. Goa receives International flights from Dubai, Sharjah and Kuwait in the Middle East and from the United Kingdom, Germany and Russia during the charter flight tourist season. Dabolim airport is serviced by the following carriers - Air India, Indian Airlines, Kingfisher Airlines, Go Air, SpiceJet, Jet Airways besides Charter flights from the United Kingdom, Russia, Germany operated by Thomas Cook, Condor, Monarch Airlines etc.

Goa’s public transport largely consists of privately operated buses linking the major towns to rural areas. Government-run buses, maintained by the Kadamba Transport Corporation, links both major routes (like the Panjim–Margao route) and some remote parts of the state. In large towns such as Panjim and Margao, intra-city buses ply. However, public transport in Goa is less developed, and residents depend heavily on their own transport, usually motorised two-wheelers. Goa has two National Highways passing through it. NH-17 runs along India’s west coast and links Goa to Mumbai in the north and Mangalore to the south. NH-4A running across the state connects the capital Panjim to Belgaum in east, linking Goa to cities in the Deccan. The NH-17A connects NH-17 to Mormugao Harbour from Cortalim, and the new NH-17B, is a four lane highway connecting Mormugao Harbour to NH-17 at another location, Verna, via Dabolim airport. Goa has a total of 224 km (139 mi) of National highway, 232 km (144 mi) of state highway and 815 km of district highway.

Hired forms of transport include unmetered taxis, and, in urban areas, auto rickshaws. A unique form of transport in Goa is the Motorcycle taxi, operated by drivers who are locally called "pilots". These vehicles transport a single pillion rider, at fares that are usually negotiated prior or after the journey (it is always better to ask locals on the correct fare before you try any negotiations yourself). In some places in Goa, there are river crossings which are serviced by the ferry boats, operated by the river navigation departments. Goa has two rail lines — one run by the South Western Railway and the other by the Konkan Railway. The line run by the South Western Railway was built during the colonial era linking the port town of Vasco da Gama with Hubli in Karnataka via Margao. The Konkan Railway line, which was built during the 1990s, runs parallel to the coast connecting Mumbai to the Malabar Coast.

The Mormugao harbour near the city of Vasco handles mineral ore, petroleum, coal and international containers. Much of the shipments consist of minerals and ores from Goa’s hinterland. Panjim, which is situated on the banks of the Mandovi, also has a minor port, which used to handle passenger steamers between Goa and Mumbai till the late 1980s. There was also a short-lived catamaran service linking Mumbai and Panaji operated by Damania Shipping in the 1990s.

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[Edited with additions from http://en.wikipedia.org/wiki/Goa]