Economy
Industries that flourished in early days in and around Erode area were handloom weaving and carpet manufacturing. The advent of modern era has changed these industries to some extent and the powerloom weaving is slowly replacing it. There are 24189 registered SSI units as on 31.12.2000 in the district besides 59 Large Scale Units.
Erode’s Gross Domestic Product (GDP) growth for year 2008 stood at 15.5 per cent was the top in the State and ahead of the State’s growth by 4 per cent.
The industries that are located within Erode city belong to mainly oil and rice mills and allied trades, such as engineering works, automobiles and power looms. The industries such as dyeing and powerloom textiles are predominant in Local Planning Authority. Industries belonging to Dhal mill, Cotton textiles, Vanaspathy manufacturing, wax and screen printing, powerloom, sizing, wrapping and printing press are also found in and around Erode city.
Within the city, the industrial units occupy 16.69% of the city area whereas the industrial belt as a whole covers 136 hectares and accounts for 4.80% of the Erode LPA.
The extent of the Erode local planning area (LPA) is 76.21 km². Developed land within the local planning area constitutes 13.44% of the total area. The developed area in the municipal area alone constitutes 83.25% of the total municipal area.
The commercial area has been developed along the roadsides in all major roads, in municipal area along Kongan road near the southern boundary of the local planning area. The commercial area in Erode city is concentrated near the junction of Brough road and Cutchery road and Bazaar area, i.e., around PS Park.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)