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Goa News

Guv: Goa’s FDI equity inflow from Oct ’19 to Sept ’24 at $174.79mn

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Last updated: February 7, 2025 1:14 am
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Special Correspondent

Panaji: Maintaining that Goa has progressed remarkably during the last five years, Governor P S Sreedharan Pillai said that the state’s Gross State Domestic Product (GSDP) for 2024-25 (advance) at current prices is estimated at Rs 1,21,309.02 crore, with a projected growth rate of 13.87 per cent as compared to 13.73 per cent for the year 2023-24.

“Consequently, Goa has an estimated GSDP per capita of Rs 7.64 lakh for the year 2024-25 in the country, portraying a robust and healthy economy,” he said.

Delivering his over one-hour address before the MLAs in the House on Thursday, the Governor said that “the total Foreign Direct Investment (FDI) equity inflow for Goa from October 2019 to September 2024 is USD 174.79 million”.

“Goa’s total export value for the year 2024-25 from April 2024 to November 2024 stood at USD 1.61 billion as compared to USD 1.52 billion during the same period in 2023-24, indicating that Goa is progressing in the right direction, which in turn will lead to positive changes in socio-economic structure of the state,” he observed, pointing out that as per the Sustainable Development Goals (SDG) Index 2024 released by NITI Aayog, Goa has maintained its 4th position securing composite score of 77 and bagged a position in the category of  ‘Front Runner’.

“The composite score of the state has increased to 77 in SDG Index 2024 as compared to 72 in SDG Index 2021,” Pillai said, maintaining that, “In the SDG Index 2024, our state has ranked first in four goals as compared to only two goals in SDG Index 2021.”

“Between 2018 and 2024 editions of the SDG India Index, Goa has positioned itself either as ‘Achiever’ or ‘Front Runner’ in 12 out of 16 SDGs,” he noted.

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The Navhind Times, the first and largest circulated English Daily from Goa, has earned the trust, respect and loyalty of the Goans by virtue of its objective reporting, commentaries, features and breaking goa news. It was launched by the House of Dempos, a pioneer in the industrial development of Goa, on February 18, 1963 soon after Goa was liberated from the Portuguese rule.

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