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Thursday, February 9, 2023

Goa’s GSDP grew at 12.14 per cent for Financial year

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Porvorim: The Economic Survey tabled on the floor of the House during ongoing State Legislative Assembly Session the Gross State Domestic Product (GSDP) grew at 12.14 per cent for the Financial Year 2017-18.

The Survey Report was tabled during ongoing Session of State Legislative Assembly which will culminate on Thursday (tomorrow).

“The GSDP at current prices for the year 2017-18 (quick estimates) is Rs 7026733 lakh as against Rs 6266079 lakh in the year 2016-17 thereby registering a growth of 12.14 per cent,” the report reads.

The quick estimates for the year 2017-18 reveals that primary sector accounts for 9.95 per cent, secondary sector 53.23 per cent and tertiary sector 36.82 per cent,” the survey mentions.

It further reads that the contribution of primary sector witnessed a decline from 9.86 per cent in 2013-14 to 7.72 per cent in 2015-16 and thereafter registered an upaward trend of 9.95 per cent in 2017-18. The primary sector has accounted for 9.78 per cent of the total GSDP during 2016-17.

The report mentions that the contribution for secondary sector to GSDP whih accounted for around 44.06 per cent in 2013-14 witnessed an upgard trend in 2014-15 of 53.79 per cent to marginal decrease of 53.23 per cent in 2017-18.

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