For long Goa has been the premier tourist destination in India for both domestic as well as international travelers. Scenic beaches, water & adventure sports, vibrant night life, delicious local food, fusion of European and Indian culture, safe, peaceful region, sound infrastructure, great connectivity and more make Goa the tourism center of India. Tourism contributes about 40% to the state’s economy and, after the ban on mining, it is also a large source of employment.
As per official data, Goa is one of the fastest growing states in the country with the Gross State Domestic Product of Goa at current prices increased at a Compound Annual Growth Rate (CAGR) of 10.65 per cent from 2011-12 to 2017-18. Goa’s net state domestic product (NSDP) was Rs 641.50 billion (US$ 9.95 billion) in 2017-18. This robust economic growth is driven by strong performance of industrial sectors such as mining, tourism and pharmaceuticals.
Some newer developments that could further boost Goa’s growth include
Prospects for tourism sector in Goa
With tourism being the lifeline of the Goan economy, the Goa government is in the process of drafting a new tourism policy in an effort to address issues that have been put forth by industry stakeholders. Some main suggestions include:
Service apartments are proving to be a profitable prospect in Goa, and one of the most promising properties in this segment is Axis Blues Goa. Set amidst lush, green surroundings, Axis Blues offers fully furnished suites in Goa with a host of modern amenities. One of the largest residential complexes being developed in Dodamarg, North of Goa, Axis Blues service apartments are a great investment opportunity with assured monthly rentals of INR 20000 for the first 3 years. So, if you are looking for a property for sale in Goa, India do check out Axis Blues. Click the link for more information.
Part of the 154 Acre Township set amidst a perfect blend of Nature where , Earth , Water and air reside together along with a Uber feel that will transform you to a new world. At axis ecorp our motto is to bring you a world class destination that will cater to Tourists, Health Seekers, Corporates and International Group tourists.
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