Economy
Agriculture is the most important income source of this district. Paddy, Plantain, Groundnut, cotton, turmeric, coconut and sugarcane are some of the agricultural products. With 43% share, the district is the top turmeric producer in Tamil Nadu.. Erode is also known as "The Turmeric City". Erode District is an important market center for turmeric, a spice commonly used in curries. Turmeric is also used as a fabric dye. Erode district is also the leading producer of plantain, coconuts and white silk in Tamil Nadu.
Gobichettipalayam is well known for its white silk, cotton, plantain and coconut production. The country's first automated silk reeling unit is in Gobichettipalayam. Erode is also well known for handloom, powerloom textile products and ready-made garments and hence called the powerloom city of India. Products such as cotton sarees, bed spreads, carpets, lungies, printed fabrics, towels, dhotis are marketed there. In mid-2005, Bhavani Jamakkalam (Bhavani Bedsheets) was registered as a Geographical Indication by the Government of India. Nowadays more and more spinning mills which produce yarn for the power loom are set up in and around the town of Erode. Chennimalai is also famous for textiles.Punjai Puliampatti has the second largest weekly shandy in Tamil Nadu and it is one of the leading tobacco producers in Tamil Nadu. Anthiyur shandy and Modachur shandy are famous for cattle.
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“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)
“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)