The economy of Goa was basically depends on fishing, agriculture(Rice is the main agricultural crop, followed by areca, cashew and coconut) and the export of products like timber and rubber. In Goa there was only a small market for goods, industrialization was minimal and few small factories. Employment opportunities are less in Goa so many young Goans were compelled to travel to Mumbai or even abroad to earn money. Goa is also known for its low liquor prices due to its very low excise duty on alcohol. Zuari Industries (2005 gross income Rs.36,302 million) and Sesa Goa (2005 gross income Rs.17,265 million) are two S&P CNX 500 conglomerates which have corporate offices in Goa.
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