Economy
The economy of Lucknow city was earlier based on the tertiary sector with about majority of the workforce being employed as government servants. Large-scale industrial establishments are low compared to other north Indian state capital like New Delhi. Currently the economy is growing with the contributions from more professionals in the fields of IT, Manufacturing and Processing and Medical/Bio-Technology. Business-promoting institutions viz. CII and EDII have a presence in city. On October 2010, Lucknow ranked 6th among cities in India for fastest job-creation. The city has steadily grown into a competitive IT centre.
Lucknow has a great potential in handicraft sector and it accounts for 60% of the total exports from the state. The major export items from are marble products, textiles, handicrafts, art pieces, gems and jewellery, textiles, electronics, software, computer, hardware and software, apparel, brass work, silk, leather and leather goods, glass items, art metal, chemicals. The city has promoted public‐private partnerships in big way in sectors such as power, roads, expressways, and education.
Read more about this topic: Lucknow
Famous quotes containing the word economy:
“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)
“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)
“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)