Panaji, Sep 16 (TOI): Slamming the incumbent BJP government for being responsible for Goa having the highest per capita loans in the country, Goa Pradesh Congress Committee president Luizinho Faleiro lashed out at BJP on Thursday.

This comes a day after Associated Chambers of Commerce and Industry of India (Assocham) released a report titled 'Goa: Economic and investment scenario' which showed the year-on-year growth rate for inflow of new investments has reduced by 80% in 2016 compared to 2015. Moreover, the investment growth rate has dipped to 9% from 91%, and the outstanding investment growth rate has fallen to 7.5% from 23%.
"Investments are not coming to Goa because this government has totally mismanaged the state's economy. Today, we have the highest burden of taxes. Goa is one of the highest taxed states in India and the costliest tourist destination in the country. How will there be industrial growth, progress and development like this?" said Faleiro.

He further added that not only investments, but industry, trading, agriculture and other sectors are also collapsing and accused the government of promoting elitist tourism.

"Assocham has suggested the state needs to come up with inclusive tourism programmes. But what government is doing is elite tourism. There is nothing left for stakeholders," he said.

Appealing to the general public to realize the gravity of the situation, Faleiro added, "This report is the last nail in the BJP's coffin. It is finally a matter of our economy and governance and prudent fiscal management is important for a prosperous state."