Goa needs to think harder and work more aggressively to attract far more investments than it has so far managed to get in competition with other states. Investments are coming but not coming consistently and in an upward spiral. The state authorities have made claims of getting investment proposals but a study of Goa’s investment scenario by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) tells a story contrary to the claim of the state authorities. It would be wrong to dismiss the ASSOCHAM report totally as a figment of imagination or based on outdated statistics as it draws a good deal from the state economic surveys. It does not paint an entirely negative picture. It points out that the growth rate of inflow of new investments was over 91 per cent in 2014-15 but dipped to about 9 per cent in 2015-16. It talks about the unsteady, volatile and unpredictable graph of the investment flow and expresses concern over it. The study points out that as of 2015-16, Goa attracted investments worth about Rs 26,000 crore, which include all projects under various stages of announcement or implementation but the growth in investments has not been picked up.
