July 07 2020
Goa's growth rate dropped
21 March 2012

The Goa economic survey, presented to the legislative assembly on Tuesday, notes that as per the advance estimates for 2010-11, the growth rate has dropped to 8.30%. 

In the chapter on " macroeconomic perspective", the survey notes that the growth rate over previous years in respect of gross state domestic product (GSDP) at constant (2004-05) prices depicts that the economy which grew at 10.02% in the beginning of the 11th Plan (2006-07), dropped to a growth rate of 5.54% in 2007-08 and in the subsequent two years, the growth of the state's economy stabilized at around 10%. 

As per the advance estimates of GSDP for 2010-11 at constant prices, primary sector registered a growth rate of -1.46%. This is attributed to the steep fall in the growth rate of mining and quarrying, which is one of the sub-sectors under the primary sector. The secondary sector registered an increase in its growth rate from 5.70% in 2008-09 to 8.77% in 2009-10. However, in 2010-11 its growth rate dropped to 6.80%. Tertiary sector which had a growth rate of 15.26% in 2008-09, witnessed a downward trend with a growth rate of 11.13% in 2009-10 and stood at 11.98% in 2010-11, the survey states. 

Sector-wise composition of GSDP at constant (2004-05) prices shows that the tertiary sector accounted for 50.51% of the GSDP followed by secondary sector with 38.20% and primary sector with 11.30%. 

In agriculture, the economic survey notes that contribution of agriculture to GSDP at constant (2004-05) prices, in 2010-11 is 3.15%. The negative growth of -10.38% under the agriculture sector in 2008-09, increased to 5.37% in 2009-10(Q). However in 2010-11, the growth rate dropped down to 1.54%, the survey states. 

In power, the survey notes that Goa has no power generation of its own and that power of about 454MW is obtained from neighbouring state grids. The power generated by the private sector in Goa is 36MW. The present peak demand requirement of Goa is of the order of 550MW. To meet the deficit, various short term and long term measures are taken up. During the year 2011-12, under this sector, the gross revenue likely to be generated is Rs 1000 crore, the survey projects. 

In health sector, the survey notes that the new district hospital at Mapusa was commissioned and the construction of the district hospital at Margao is in progress. The diabetes registry was also started in June 2011, the survey states. 

To cater to the increased tourist flow, the hotel bed capacity in Goa has gone up from 44,066 in March 2010 to 47,065 as on March 2011. In all, 2,17,810 foreign tourists and 10,87,848 domestic tourists visited Goa up to August 2011. The corresponding figures for the calendar year 2010 are 4,41,053 foreign tourists and 22,01,752 domestic tourists. 

Dwelling on industries, the high-powered coordination committee (HPCC) has approved proposals in respect of 21 units during the year 2011-12 (up to November 2011) with a total investment of Rs 1594.54 crore and an employment potential of 2504 persons, the survey states. It also states that the HPCC has collected a regularization fee amounting to Rs 1.55 lakh from 17 units towards registration/graduation/expansion or diversification of the large units and Rs 20 lakh from four units towards regularization during the year 2011-12, up to November 2011. 

Regarding the demography, the economic survey states that as per the provisional figures of the population census 2011, the population of the state stands at 14,57,723, registering decennial growth of 8.17%. The population growth rate in the state has dropped from 15.2% in 2001 to 8.17% in 2011, the lowest since liberation. After 1971, the population growth rate of Goa is on the decline. In 1971, the growth rate was 34.77% which declined to 26.74% in 1981 and further declined to 16.08% in 1991, the survey states. 

The literacy rate in Goa has moved up from 82.01% in 2001 to 87.40% as per 2011 census. Goa has surpassed the target of literacy rate of 85% set by the Planning Commission to be achieved by 2011-2012, according to the economic survey. 

Sex ratio in Goa as per 2011 census is 968 females per 1000 males, which is above the nationalaverage of 960. Further, the sex ratio in Goa has improved from 960 in 2001 census to 968 in 2011. However, the child sex ratio has declined from 938 in the last census to 920 as per the latest census. Even the proportion of child population in the age group of 0 to 6 years, to the total population has declined from 10.8% in 2001 to 9.6% in 2011, the survey states.



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