PANJIM: It wasn’t just the iron ore mining sector that led to a fall in Goa’s Gross State Domestic Product (GSDP) for 2014-15, but also the cumulative contribution of agriculture, forestry and fishing to GSDP that plummeted drastically.
The Economic Survey 2015-16 report tabled in the House on Monday revealed a negative growth, of -16.09 per cent, in agriculture, forestry and fishing during financial year 2014-15.
What is interesting is that the sectors showed a negative growth from a positive growth in 2013-14. Agriculture, Forestry and Fishing sector had posted a 58.61 per cent contribution to GSDP during 2013-14, after a poor performance of 11.85 per cent growth in 2012-13.
“The upward trend in the growth rates in 2013-14 was due to the steps taken by the government to revamp the agriculture sector,” it stated.
Agriculture saw a 3.64 per cent growth in 2014-15 as against a 16.57 per cent in 2013-14. Overall, the primary sector accounted for only 3.84 per cent of the State GDP.
Forestry and logging that had a 115.92 per cent growth in 2013-14 recorded a -45.89 per cent growth in FY 2014-15. Moreover, the fishing sector posted -13.63 per cent growth for 2014-15 as against 86.18 per cent growth in 2013-14.
Giving a further blow to the economy, mining and quarrying had -30-50 per cent growth in 2014-15 compared to -0.07 per cent growth in 2013-14.
On the other hand, the secondary sector accounted 31.67 per cent and tertiary sector 64.49 per cent of the GSDP. “The composition of the secondary sector was almost constant at around 32 per cent. However, the composition of tertiary sector gradually increased from 59.21 per cent in 2011-12 to 63.29 per cent in 2013-14 and 64.49 percent in 2014-15,” the survey noted.
