Economy
Faridabad was one of the leading industrial cities of Haryana, a popular choice for setting up industry due to its proximity to Delhi and its location on the Delhi - Mathura road. Much before the advent of Gurgaon as the posterboy for industrial development in Haryana, Faridabad was the favourite destination of Industries.Faridabad is famous for Heena Production on agriculture sector while tractors, motorcycles, switch gears, refrigerators, shoes and tyres are other famous industrial products of the city.
However, in recent times it has fallen much behind the neighbouring towns of Noida, Okhla and Gurgaon in attracting new industry. The IT revolution has completely bypassed Faridabad, opting for the cities of Noida or Gurgaon instead. In part this was due to government apathy, in part due to the rising levels of pollution and congestion in the city.
Read more about this topic: Faridabad District
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)
“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)
“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)