Economy
The city gets its name from the Bokaro Steel Plant (BSL) which lies at the core of its economy. It's well aided by the new steel mill Electrosteel Castings Limited and power plants like Bokaro Power Supply Corporation Private Limited, a joint venture of Damodar Valley Corporation and BSL.
Being an industrial area, agriculture has taken a back seat and is nothing worth mentioning except small amounts of paddy grown on the fringes of the city by the villagers.
Read more about this topic: Bokaro Steel City
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)