Economy
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As of 2007, Thoothoor is the home of several significant economic sources. The main business is Shark catching, using modern equipments such as GPS and other Navigation tools. The average cost of one fishing boat is 15–20 lakhs in Indian currency. Fishermen usually go fishing in the Arabian Sea, the Bay of Bengal and the Indian Ocean. Boat owners travel in and around Tamilnadu state and neighboring states such as Kerala, and the more distant state of Maharashtra. Now a few boat owners have moved to the Andaman & Nicobar Islands for deep sea fishing. The sweat of our boat owners and fishermen working with them make wonders to their generation. Fisherman support their families by fishing and hence their families are able to afford higher education. Thus, just like modern cities most of the kids are getting higher education in a good atmosphere with a tremendous amount of good energy. The positive energy flows and flourishes in success's path on each and every Thoothoor native. The children should be very proud to have had such hard working ancestors and parents. The main road allows money to be exchanged from the shark business and shark merchandise, as well as some other fish on a small level. In terms of jobs, in Thoothoor there are a few main sectors, a large number of people from this place are working in their respective industries such as IT, manufacturing, education, educational management, the medical field, business management, mechanical engineering, marine engineering, electrical engineering, lawyers, etc. All such people are trained professionals, graduates, and a few PhD holders in mathematics, history, Tamil and physics. There are masters in IT professional, fish merchandise, teachers in education sectors and a few health services. A few hundred people are working in the Persian Gulf in countries such as UAE, Qatar, Saudi Arabia, etc. A fewer number of people working are in the UK, the USA, Canada and New Zealand. The mechanical engineers and marine engineers work on international and local ships. Some marine engineers work in international ships in the deep sea. They travel to various countries. There are a few hundred natives of Thoothoor working in Chennai, Bangalore, Mumbai, Delhi, and Thiruvananthapuram. The few people working locally work in small businesses and agriculture.
Agriculture resources are:
- coconuts,
- Bananas,
- Mangos,
- Neem trees,
- and other tropical fruits and vegetables.
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Famous quotes containing the word economy:
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)