Economy and Development

Over time, Goa became a strategic port, owing to its strategic and economic function but also to the political-administrative center it was as the capital of Portuguese India. Trade and several trading routes, namely the “carreira da Índia”, merit special attention. But also agriculture and industry should be studied and reflected upon, as well as the financial issues which have been present throughout centuries.

After its peak in the 16th and 17th centuries, Goa started losing economic importance, notwithstanding some efforts otherwise. After 1961, there was a strong impulse for its development at all levels of education, agriculture, industry and services. Goa rapidly became one of the richest States of the Union of India and a world tourist attraction.