Economy
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The economy of Ujjain is mainly dependent on the agricultural activities of the nearby villages. Two main crops are grown each year: wheat as the major Rabi crop, soybean as the major Kharif crop. Ujjain agriculture is sensitive to changes in rainfall and failure of monsoon cycles can lay a devastating toll on agriculture and the local economy.
Ujjain was previously a major industrial area having steel plant,soyabeen oil plant,shree synthetics ltd.and a dalda mill and was a great centre of the textile industry with a number of textile mills in the city. Almost all the mills have since closed. Religious tourism is also a contributor to the economy, especially during the Simhasta Mela.
A number of new infrastructure projects are under construction. SAIL has plans to operate a Special Processing Unit from Ujjain to cater to regional supply. With cheaper land & labour costs Ujjain is creating enough attention for new investments.
Ujjain also generates huge revenue from the boost given to the economy by the holy fair of Kumbh Mela locally known as Simhastha.
Read more about this topic: Avantika
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
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“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.”
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
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