Economy
Nearly five centuries ago, Agra was the commercial nerve centre of Mughal empire. Due to the presence of the Taj Mahal and other historic monuments, it has a tourism industry as well royal crafts like Pietra Dura, marble inlay and carpets
Today 40% of the population depends largely on agriculture, and others on the leather and footwear business and iron foundries. Agra is the second most self-employed in India in 2007, behind Varanasi, followed by Bhopal, Indore and Patna. According to the National Sample Survey Organization, in 1999-2000, 431 of every 1,000 employed males were self-employed in the city, which grew to 603 per 1,000 in 2004-05. Tourism contributes to the economy of Agra. Agra is home to Asia’s largest spa called Kaya Kalp — The Royal Spa, at the Hotel Mughal in Agra.
Agra has many industries. Uttar Pradesh's first plant biotech company Harihar Biotech is located near the Taj. It is one of the largest plant tissue culture laboratories in North India with an annual production capacity of 2 million plants. There are about 7,000 small scale industrial units. Agra city is known for leather goods, carpets, handicrafts, Zari Zardozi, Marvel and stone carving and inlay work. Agra is known for its sweets (Petha and Gajak) and snacks (Dalmoth), garment manufacturers and exporters and an automobile industry. Carpet making was introduced to the city by Moghul Emperor Babur and since then this art has flourished. Some leading exporters of carpets in Agra are Karan Exports, The Rug Factory, Agarwal Brothers, Rugs International, Floor Artists Inc,.
Some of the leading manufacturers, exporters and sellers of leather in Agra are Hindustan Rubber and Plastic Industries, Polyplast Industries, Royal International, Eskay Sales Corporation, Best Buy, Bandejjia Traders and Expomore. The city center place at Agra (Kinari Bazar) has jewellery and garments shops. The silver and gold jewellery hub is at Choube Ji Ka Fatak. The Shah Market area is an electronics market while Sanjay Place is the trade center of Agra.
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Famous quotes containing the word economy:
“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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)