Wednesday , 12 August 2020
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Giving Boost To Goa’s Economy

Goa is one of the fastest growing states in the country. Its economic growth in the last two decades was driven by sectors like tourism, mining and pharma industry. Compound Annual Growth Rate (CAGR) between 2011-12 and 2019-20 was recorded at 9.08 per cent. In 2017-18, Goa’s net state domestic product (NSDP) was valued at Rs 641.50 billion. According to a released report by India Ratings and Research, due to the impact of the COVID-19-induced lockdown on economic activities, Goa is likely to contract gross state domestic product (GSDP) growth by 14.3 per cent; highest amongst all states. States dependent more on agriculture, banking and IT services are likely to do relatively better. That is why states like Madhya Pradesh, which is highly dependent on agriculture, shows only 2.3 per cent contraction in GSDP.  The Economic Survey of Goa says that the primary sector accounts for 9.95 per cent, secondary sector 53.23 per cent and tertiary sector 36.82 per cent. There is a need to shift economy dependence on few such sectors and make Goa’s economy more diverse. The government has taken steps to boost agriculture during COVID-19 times. Registration of Krishi card is being done on a huge scale. The Chief Minister has given each zonal agriculture officer a certain target. Agricultural output is likely to increase, as we have amplae rain this year. Still, tourism and mining are at a standstill. Borders have been opened but there is no inflow of tourists. E-auction of mined ore is underway and it is providing the state with some revenue. Goa mining case will come up in the Supreme Court on Thursday. If the decision is in favour, it will be encouraging news, as it can boost the state’s economy.


Keeping Faith In God

The end of the world is near it seems, if the present pandemic is a precursor of things to come. As of now, there appears to be no way to stop the COVID-19 juggernaut, on its destructive trail claiming thousands of lives and infesting millions in the world. In India, the number of new cases testing positive has crossed the nine-lakh mark, putting India in third position worldwide. While people have lost faith in the government’s measures of containing the viral spread, questions are also being raised as to “where is God” in these days of crisis and tribulations? Prayers are being offered daily all over the world. Yet, God appears to be nowhere; neither in space, nor in outer space, but presumably where we left him, outside our lives. We have learnt our lesson the hard way and expressed our helplessness. What we need to do now is put God back into our lives and acknowledge His greatness. And the best way to do it is to repent and change our sinful lives. In the book of Jonah we read how God relented and saved the sinful city of Nineveh, after their king and his subjects fasted and sat in sackcloth and ashes to atone for their sins. Probably, this is what God is asking us to do – The last straw to save the helpless world.


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