Draft Annual Plan 2011-12 Government of Goa

Abstract

The economy of the State has been growing above 11 per cent for the past few years. During 2008-09, however, the Gross State Domestic Product (GSDP) at constant prices has grown at the rate of 7.2 per cent with 1999-2000 as the base year as against 14.13 per cent in 2007-08. The sectoral growth rate for primary, secondary and Tertiary sectors for 2008-09 have been (-) 1.57, 9.50 and 7.60 per cent respectively as compared to (-) 0.23, 9.42 and 21.80 per cent respectively in 2007-08. The global economic crisis has adversely affected the State’s economy causing disruption to the growth momentum achieved during the last few years.