Economy
Main Crops: Paddy, wheat, Pulses, vegetables Industries: Bidi factories, Sugar mills Handloom Silk
The district had good sugarcane farming activities though the single sugar mill of the district located in Warisaliganj is currently not functioning. Kadirganj, located 6 km from Nawada, has a very old and famous silk small scale industry where many workers carry out the activities of cleaning and weaving of silk. It has commercial and trading linkages with Bhagalpur, a city famous for its silk business including export of silk from India. Nuclear Power Corporation of India Ltd has identified Rajauli in Nawada district of Bihar as the possible site for creating additional 2,000-mW nuclear capacity in the state. The Central Electricity Authority's site selection committee, which recently visited the site, is expected to submit its report within a month. Future course of action will entirely depend on this report.
In 2006 the Ministry of Panchayati Raj named Nawada one of the country's 250 most advance districts (out of a total of 640). It is one of the 36 districts in Bihar currently receiving funds from the no. 1 Regions Grant Fund Programme (BRGF).
Read more about this topic: Nawada District
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“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.”
—Henry David Thoreau (1817–1862)