Goa budget and economy
Goa has one of the highest incomes per person among Indian states. Tourism is a major source of jobs and income, alongside fishing, cashew and coconut farming. Iron ore mining, once a large part of the economy, has restarted on a smaller scale.
Key figures
| GSDP, 2026-27 (budget projection, current prices) | Rs 1.31 lakh crore |
|---|---|
| Real growth, 2024-25 (constant prices) | 12 per cent |
| Share of the economy, 2024-25 | agriculture 6%, industry 46%, services 48% |
| Per capita GSDP, 2024-25 (current prices) | Rs 7,09,045 |
GSDP (gross state domestic product) is the value of all goods and services produced in the state in a year. Real growth leaves out the effect of rising prices.
Sources
Figures: the Goa budget for 2026-27 and MoSPI estimates, as summarised by PRS Legislative Research (linked below).
Reference links
- PRS Legislative Research: Goa Budget Analysis 2026-27: summary of the state budget
- Ministry of Statistics and Programme Implementation: official GDP and state GSDP estimates
- Reserve Bank of India: Handbook of Statistics on Indian States: official state-wise economic data