Economy
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The economy of Ujjain is mainly dependent on the agricultural activities of the nearby villages. Two main crops are grown each year: wheat as the major Rabi crop, soybean as the major Kharif crop. Ujjain agriculture is sensitive to changes in rainfall and failure of monsoon cycles can lay a devastating toll on agriculture and the local economy.
Ujjain was previously a major industrial area having steel plant,soyabeen oil plant,shree synthetics ltd.and a dalda mill and was a great centre of the textile industry with a number of textile mills in the city. Almost all the mills have since closed. Religious tourism is also a contributor to the economy, especially during the Simhasta Mela.
A number of new infrastructure projects are under construction. SAIL has plans to operate a Special Processing Unit from Ujjain to cater to regional supply. With cheaper land & labour costs Ujjain is creating enough attention for new investments.
Ujjain also generates huge revenue from the boost given to the economy by the holy fair of Kumbh Mela locally known as Simhastha.
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Famous quotes containing the word economy:
“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)
“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)
“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)