Economy
There is evidence to believe that Aurangabad was developed as a trading hub four centuries ago. Aurangabad is the one the fastest developing cities in Asia. It tops the chart among the developing cities. It lies on a major trade route that used to connect north-west India's sea and land ports to the Deccan region. Recently Aurangabad was in news for placing single largest order for Mercedes Benz cars in a single transaction in India — 150 Mercedes Benz cars worth Rs 65 crore. Without a local Mercedes-Benz showroom and encountering an indifferent Mercedes-Benz dealer in the nearest city, a group of successful citizens pooled their orders and negotiated a record agreement with the firm. Soon after that, bulk purchase order of 101 BMW cars was also placed. .
Read more about this topic: Aurangabad, Maharashtra
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)