Economy
| Kochi Urban Agglomeration population | |||
|---|---|---|---|
| Census | Pop. | %± | |
| 1981 | 824,900 |
|
|
| 1991 | 1,140,600 | 38.3% | |
| 2001 | 1,536,400 | 34.7% | |
| 2011 | 2,117,990 | 37.9% | |
| Source: Census of India | |||
Kochi UA is referred to as the economic capital of Kerala. As a major coastal city which acts a gateway to goods in India, it has helped the development of the city
Kochi witnessed economic stagnation in the years following India's independence at 1947. The economic recovery gathered momentum after economic reforms in India introduced by the central government in the mid-1990s. Since 2000, the service sector has revitalised the stagnant economy. Over the years, the city has witnessed rapid commercialisation, and has today grown into the commercial capital of Kerala.
Read more about this topic: Kochi Metropolitan Area
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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)