Economy
Faridabad was one of the leading industrial cities of Haryana, a popular choice for setting up industry due to its proximity to Delhi and its location on the Delhi - Mathura road. Much before the advent of Gurgaon as the posterboy for industrial development in Haryana, Faridabad was the favourite destination of Industries.Faridabad is famous for Heena Production on agriculture sector while tractors, motorcycles, switch gears, refrigerators, shoes and tyres are other famous industrial products of the city.
However, in recent times it has fallen much behind the neighbouring towns of Noida, Okhla and Gurgaon in attracting new industry. The IT revolution has completely bypassed Faridabad, opting for the cities of Noida or Gurgaon instead. In part this was due to government apathy, in part due to the rising levels of pollution and congestion in the city.
Read more about this topic: Faridabad District
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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)