Make Goa a $50 billion economy within 10 years
Bharatiya Janata Party · Goa Legislative Assembly Election 2022
Last updated 20 Jun 2026
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Original manifesto wording
“We will, through our constant efforts, propel Goa to a growth trajectory that will enable the state to become a $50 billion economy in the next 10 years.”
Our Assessment
Pending. The promise is to put Goa on a growth trajectory enabling it to become a $50 billion economy within 10 years. Counting from the government start date of 2022-03-28, the broad target window runs until 2032-03-27. Official Goa/CAG data shows GSDP at current prices of Rs 93,672 crore in 2022-23 and the Budget Speech 2026-27 estimates GSDP at Rs 1.31 lakh crore for 2026-27. Using a recent USD/INR reference rate of about Rs 94.47 per USD, a $50 billion target is roughly Rs 4.72 lakh crore. This means Goa would need to grow from Rs 1.31 lakh crore in 2026-27 to about Rs 4.72 lakh crore by around 2031-32, requiring about 29% nominal CAGR from the 2026-27 estimate, or about 20% nominal CAGR from the 2022-23 baseline. The observed official current-price trajectory from 2022-23 to 2026-27 is about 8.7% CAGR, far below the implied requirement. The deadline has not passed, so this is not marked broken, but current trajectory is not enough to call it on_track.
Sources & Evidence
Government of Goa Budget Speech 2026-27
Government of Goa - State Finances Audit Report for the year ended 31 March 2024
BJP Goa Assembly Election 2022 manifesto
Directorate of Planning, Statistics and Evaluation - Goa Economy in Figures 2025
MSEI - RBI Reference Rate Archives
Promise Timeline
Goa Budget Speech 2026-27 estimated GSDP at current prices at Rs 1.31 lakh crore, still far below the implied $50 billion target of about Rs 4.72 lakh crore.
View sourceGoa Economy in Figures 2025 recorded the 2024-25 advance estimate of GSDP at current prices at about Rs 1.21 lakh crore.
View sourceState Finances Audit Report recorded Goa GSDP at current prices of Rs 1,06,533 crore for 2023-24 and current-price GSDP growth of 13.73%.
View sourceBJP government took office in Goa; the 10-year window for the $50 billion economy promise begins.
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