ECONOMICS PROJECT

TOPIC: ECONOMY OF GOA

 GROUP MEMBERS
NAME ROLL NO. ADMN NO.

ADITYA AGRAWAL 05 224/30/04/2007

ANUSHKA RANJAN 09 217/16/04/2011

AYUSH KUMAR 13 331/08/05/2019

SHRISHTI BANKA 32 014/06/12/2006

 CONTENT
• GOA
• TOURISM AS AN INDUSTRY
• GOA TOURISM
• GOA ANDINDIA’S GDP
• HYPOTHETICAL EXAMPLE
• COMPARISON OF GOA’S
GDP GROWTH OVER YEARS
• CONCLUSION
 GOA WELCOME
Goa is located in India’s coastal belt TO
GOA
on the western called the Konkan
coast. It has an alarming scenic
beauty. The architectural work done
Goan Temples, Churches and old
houses has brought great laurels to
Goa. Some of these characteristics
make Goa to be occupied by tourists.
It is the most preferred option for
holidays.
 TOURISM AS AN INDUSTRY
TOURISM refers to all activity
related to the short-term
movement of people to
locations away from where they
usually reside. It is one of the
world’s largest industries It is
also a wide-ranging industry,
which includes the hotel
industry, the transport industry
and a number of additional
industries or sectors.
TOURISM AND GDP
• The World Travel and Tourism
Council calculated that tourism
generated ₹16.91 lakh crore or 9.2%
of India’s GDP in 2018 and supported
42.673 million jobs, 8.1% of its total
employment.
• The sector is predicted to grow at an
annual rate of 6.9% to ₹32.05 lakh
crore by 2028.
• The Travel and Tourism
Competitiveness Report 2019 ranked
India 34th out of 140 countries overall.
 GOA TOURISM
The state of Goa, in India, is famous for its beaches and
places of worship. Tourism is its primary industry, and is
generally focused on the coastal areas of Goa, with
decreased tourist activity inland.Foreign tourists, mostly
from Europe, arrive in Goa in winter, whilst the summer
and monsoon seasons see many Indian tourists
GOA AND INDIA’S G.D.P
Goa’s state domestic
product for 2017 is
estimated at $11 billion
at current prices. Goa is
India’s richest state with
the highest GDP per
capita – two and a half
times that of the country
– with one of its fastest
growth rates: 8.23%
(yearly average 1990–
2000).
 HYPOTHETICAL EXAMPLE
(TAJ FORT RESORT & SPA)
This resort in GOA is spread over 25
acres. It handles more than 50% of
Goa’s tourists . It accounts for 2.3% of
Goa’s total GDP . It has also gained
international recognition for its
wonderful hospitality and exotic
locations . It’s annual earnings are
estimated to be 48.95 crores . It also
supports the tribal people and local
industries by providing them with free
food and regular grants (SOCIAL
GDP GROWTH OF GOA
 CONCLUSION
Tourism offers a wide range of
benefits, including economic
benefits for countries attracting a
large number of visitors, due to
the money they spend not only on
their actual stay, but also in local
businesses. It also provides a large
number of jobs for people
working in the transport and
hospitality industry, among
others.