The economic growth of the state of Goa is primarily propelled by the forces of mining, fishing, agriculture, education and tourism. As of September 2022, the Gross State Domestic Product (GSDP) of Goa was INR 914.17 billion. The state has recorded an increased CAGR (Compound Annual Growth Rate) of 6.41 per cent from 2016-17 to 2022-23. Goa has a well-developed infrastructure in terms of transport, ports, pharmaceuticals, biotechnology and IT. Moreover, it is a globally recognised tourist destination, attracting travellers from all over the world throughout the year, thereby boosting the hospitality industry and generating employment. A second international airport was recently set up in Mopa in the northern part of the state, with an estimated annual capacity to handle 30 million passengers by Phase IV.

Goa also uses a significant amount of renewable energy, with a solar-based electrification programme launched in 2021 for rural households in the state. The aim of this project is to bring electricity through environment-friendly means to areas where grid connectivity is not easily available. In 2021, the Union Ministry of Fisheries had announced an investment of INR 400 crore in order to improve the infrastructure for fishing in the state.