New Delhi, Oct. 12 -- Known for its susegad spirit, Goa's economy thrives on a vibrant mix of tourism, traditional industries, and modern enterprises.

Tourism alone accounts for nearly 16 percent of Goa's GSDP, while pharmaceuticals, fisheries, cashew processing, and handicrafts sustain numerous livelihoods across its towns and villages.

According to a release, the recent GST reforms come as a timely boost to this diverse economy, increasing affordability, reducing input costs, and enhancing competitiveness across sectors.

The new GST rates are expected to boost Goa's strong tourism & hospitality industry, covering North Goa's beach belt areas such as Calangute, Candolim, Baga, and Anjuna, along with Panaji and the South Goa regions of...