Economy
The city is developing quickly and has been described by the government as "Bi-functional", with 31% of the work force engaged in agriculture, 56% in trading and other activities and 13% in industry. A number of banks have been established in the town in recent years, testimony to the growth and prosperity of the local economy. ICICI Bank established its third branch in Tamil Nadu here. The economy is predominantly dependent on agriculture.
Read more about this topic: Gobichettipalayam
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
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—Doris Lessing (b. 1919)