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Falling Oil Prices and Goa

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Post by Hellsangel Mon Jan 12, 2015 10:19 am

http://www.bbc.com/news/business-30743623

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Post by truthbetold Mon Jan 12, 2015 10:44 am

Wow. It just shows how interconnected the world and how the economic impacts spreads across the globe.

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Post by Seva Lamberdar Mon Jan 12, 2015 10:57 am

This article expresses the typical one-dimensional thinking by the author. 

If the falling oil prices are going to reduce the number of tourists in Goa from the oil-rich Russia (as the Russians have less money to spend overseas), isn't the number of tourists in Goa from the oil-poor places (including India) going to increase as people in those places spend less money on cheaper gasoline (in their cars etc.) and spend the savings (on petrol) on vacations etc. in places like Goa (even drive to Goa using the cheaper gas / petrol)?
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https://docs.google.com/document/d/1bYp0igbxHcmg1G1J-qw0VUBSn7Fu

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Post by truthbetold Mon Jan 12, 2015 11:26 am

Sevaji
Very valid point. However the author is just pointing out the Russian misery. Your alternate analysis of impact on goa is very logical. I do know if it will turn out to true or not but if goa can attract Indian tourists, it is good for their economy long term.

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Post by Merlot Daruwala Tue Jan 13, 2015 12:25 am

truthbetold wrote:Wow. It just shows how interconnected the world and how the economic impacts spreads across the globe.

Wow. Really? Who would have thunk!!
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Post by Seva Lamberdar Tue Jan 13, 2015 10:17 am

truthbetold wrote:Sevaji
Very valid point. However the author is just pointing out the Russian misery. Your alternate analysis of impact on goa is very logical. I do know if it will turn out to true or not but if goa can attract Indian tourists, it is good for their economy long term.
Yes, TBT-ji. It's a very good opportunity, the falling oil prices, for the Goan Govt. and businesses to attract more tourists from within India than the small number of overseas tourists (from Russia etc.) they might have lost recently (due to the falling oil prices).
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Post by Hellsangel Mon Feb 23, 2015 2:13 pm

http://www.timesofindia.com/india/Russians-top-Visa-on-Arrival-list-in-Goa/articleshow/46345932.cms
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