AN EXPLORATORY STUDY ON ECONOMIC PROSPECTS AND SUSTAINABILITY OF TOURISM INDUSTRY IN GOA, INDIA

This article discusses the economic prospects and sustainability of tourism in Goa. Studies show that Goa is a popular tourist destination among domestic and international tourists. It is a coastal state in Western India known for its beaches and 17th-century churches. Goa's economy is growing steadily, but the COVID-19 pandemic has had a major impact on the economy. Tourism is the backbone of Goa's economy. It is known for its famous beaches, culture, atmosphere and historical monuments. The tourism sector of Goa directly contributes to around 16% of the state's GDP and employs around 35% of the state's population. The state's economic development contributes to the state's economic growth by employment to thousands of people and contributing to the state's gross domestic product. The state's tourism industry has grown over the years and the state has become one of the most popular tourist destinations in the country. Goa has faced many economic problems in recent years. Travel prospects are good in Goa. Foreign visa restrictions have restricted the movement of tourists from many countries and have had a major impact on the tourism industry. There is also drug trafficking in the state. Therefore, the state government should implement necessary policies to reduce the challenges and encourage the growth of the state’s economy.