The resulting increase in competition promoted cost reductions and innovation, leading in turn to new products and industries. It is difficult to  7  EC 10 is Harvard's introductory course in principles of economics. 8  Output per hour worked reflects data from the Bureau of Labor Statistics for the private nonfarm business sector. 9  See Orphanides (2003).
NSDP growth almost doubled from 4.5 per cent per annum in the first half of the 2000s to 8.8 per cent in the second half. Importantly, Goa recorded a NSDP growth rate of 12.6 per cent in 2009–10 – the highest in the decade.