Economy
The city contributes to the economy of the state with heavy and small scale industries under the patronage of Gujarat Industrial Development Corporation (GIDC) and Gujarat State Financial Corporation (GSFC). The economy of Rajkot got another shot in the arm with 28 crore World Bank aid for development of infrastructure of the city. Many a renowned business houses made a beeline for grabbing the property market in the city, before it skyrockets. The plans are already in place to beautify and modernize the ancient city, including a Rock Garden, ala Chandigarh. Another 25 crore project to rebuild the Kaiser-e-Hind, the only major bridge linking to the city, is already nearing completion. All such infrastructure development will add to the economic wealth and promote the local business houses.
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Famous quotes containing the word economy:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)