"I don't know why there was such a result. People have given a fractured mandate and I feel they have committed a mistake. They will repent for next five years," Parsekar told reporters after submitting his resignation to Goa Governor Mridula Sinha.
Parsekar lost from Mandrem constituency to Congress candidate Dayanand Sopte by over 7,000 votes.
The outgoing chief minister was accompanied by his cabinet colleague Rajendra Arlekar who lost from Pernem seat.
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