Goa GSDP rises 15.60 per cent during 2016-17: Economic Survey

The Gross State Domestic Product of Goa showed a 15.60 per cent growth during 2016-17 when compared to the previous fiscal, according to the Economic Survey report which was tabled today in the Legislative Assembly.
The report stated that the GSDP, at constant prices for the year 2016-17, was estimated at Rs 51,692 crore as against Rs 44,717 crore in the year 2015-16, a growth of 15.60 per cent.
The secondary sector contributed 57.45 per cent of the GSDP while the primary sector accounted for 8.40 per cent and the tertiary sector for 34.15 per cent, it said.
It said that the total receipt and total expenditure for the financial year 2017-18 was estimated to show an increase of 8.14 per cent and 17.78 per cent respectively over the previous year.

"Goas budget for 2017-18 was presented with revenue surplus of Rs 202.48 crore," the report stated, with revenue receipt estimated at Rs 9,522.64 crore for the year 2017-18.
"The revenue and capital expenditure were pegged at Rs 9,320.16 crore and Rs 5,076.08 crore respectively while public debt, as on March 31, 2017, stood at Rs 13,203.42 crore," the report mentioned.
The report showed that against a tax collection target of Rs 3,48,326.97 lakh for 2017-18, the state's tax department had collected Rs 2,42,728.90 lakh till December 31, 2017.
This, the report said, was an increase of 15 per cent increase when compared to the same period in the previous fiscal during which Rs 2,10,997 lakh was collected.