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Economy : Goa Directory

 

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Goa is one of the hottest tourist destinations of the country. The place is blessed with immense natural beauty and is always crowded with tourists. Thus the hospitality sector is one of the major contributor to the economy of Goa. Goa has two main tourist seasons: winter and summer when the hotels and resorts of Goa earn handsomely. Some other things that boost the economy of Goa are agriculture, business and commerce, electronic and IT industry, fisheries, mining etc.

Agriculture : The main plantation crops of Goa are coconut, areca nut, cashew and garden crops like mango, pineapple, jackfruits and bananas. Other than these the state largely depends on its neighbors like Karnataka and Maharashtra for day-to-day needs of agricultural produce like vegetables, etc. Goa is also notable for its low beer, wine and spirits prices due to its very low excise duty on alcohol.

Minning : Goa is the costal land which is rich in minerals and ores and mining. Mining in Goa focuses on ores of iron, Bauxite, manganese, clays, limestone and silica. The leaders in the Goan Iron Ore industry include Sesa Goa and Dempo.

Other Industries : The electronic industry in Goa doesn't lag behind either. The other medium scale industries include the manufacturing of pesticides, fertilizers, tires, tubes, footwear, chemicals, pharmaceuticals, wheat products, steel rolling, fruits and fish canning, cashew nuts, textiles, brewery products.

Fisheries : Goa is a costal state having a vast coastline of 105 kms. The state is imbedded with many water bodies, which are great source of seafood and pearls. Thus the other main strength of the Goan economy is the fishing industry. It also provides employment to a large number of people in Goa.

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