Goa's GDP expected to achieve 9.8% growth rate: Governor

Goa's Gross Domestic Product (GDP) is expected to achieve a growth rate of about 9.8 per cent during the financial year 2018-19 with the per capita income of Rs 5.04 lakh, which is the highest in the country, Governor Satya Pal Malik told the Legislative Assembly on Tuesday.

Addressing the special one-day session, the governor said the state has been achieving economic progress despite ban on mining activities, global economic slowdown and revenue resources reduction.

"You are all well aware that in spite of the mining ban, global economic slowdown and revenue resource reduction in the state, the Gross State Domestic Product estimates of Goa has registered a growth rate of 11.08 per cent for the year 2017-18 (Provisional) and expected to achieve a growth rate of about 9.8 per cent during 2018-19 (Quick) with a per capita income of Rs 5.04 lakh," the governor said.

He said the per capita income of Goa is the highest in the country, which is "more than thrice the national average, thus portraying a robust and healthy economy."

The governor also said the state government was working "meticulously to improve revenues of the state."

"The revenue collection through GST was Rs 2558.40 crore till December 2019. The excise revenue collection up to December 2019 has touched Rs 351.55 crore showing a growth of 7.6 per cent compared to the same period of the previous year," the governor told the House.