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Goa’s economy has been in a shambles following the March 2018 Supreme Court ban on iron ore mining and tourism, the other mainstay, collapsing with the pandemic too - Issue Date: Apr 4, 2022 ....
Absence of clarity on resumption of mining to put Goa in huge debt, say mine owners Panaji, Apr 18: A mine owners body in Goa has warned that the absence of clarity on resumption of mining activity will result in huge debt for the state as tourism, which is one of the major contributors to the state GDP, is feeling the pinch due to resurging coronavirus cases in the country. In an interview with PTI, Goa Mineral Ore Exporters Association (GMOEA) President Ambar Timblo said that the position of the state looks “very precarious” as the COVID situation in the country, including Goa, will become acute in the next two months and post lapse of this period there will be the onset of monsoons in the state, an offseason for the tourism sector. ....
BW Businessworld Goa: Economic Collapse Due To Mining And Tourism Downturn Creating Debt For Youngster Say Experts A panel of experts was holding discussions at the second edition of ‘Goa Mining’ series themed of Socio-Economic Impact of Mining on Goa & the Future where it was shared that the annual household income in the state is witnessing a 50 per cent drop Photo Credit : The Metalogic PMS, one of the apex platform for discussions on the mining and metal industry concluded the second edition of ‘Goa Mining’ series themed, “Socio-Economic Impact of Mining on Goa & the Future” with expert panelists from diverse sphere deliberating on the ban of iron-ore mining in the state, debilitating state of Goa’s economy, impact on the livelihoods & stress on future generations, eco-friendly and best practices that the industry has adopted in Goa and need for immediate resumption through judicial and legislative amendments. ....