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:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)