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Economy of Goa


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fruits and fish canning, cashew nuts, textiles, brewery products.

The Goa government has recently decided to not allow any more special economic zones (SEZs) in Goa. This is in stark contrast to policy followed by other states of India. SEZs are known to bring tax revenues for the government and employment option for local citizens since industries flock there for lower tax rates as compared to other areas. Currently there are 16 planned SEZs in Goa. This decision was taken by state government after strong opposition to SEZs by political parties and Goa Catholic Church.

Goa is also notable for its low beer, wine and spirits prices due to its very low excise duty on alcohol. Another source of cash inflow into the state comes from many of its citizens who work abroad and remit money to their families
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