Economy
Patna has long been a major agricultural center of trade, its most active exports being grain, sugarcane, sesame, and medium-grained Patna rice. There are multiple sugar mills still in existence in and around Patna. It is an important business and luxury brand center of eastern India.
As of 2011, the economy of Patna has seen sustained economic growth. In particular, the economy has been spurred by growth in the Fast Moving Consumer Goods industry, the service sector, along with Green revolution businesses. In 2009, the World Bank stated Patna as the second best city in India to start up a business. As of 2010, the per capita income of Patna was ₨37737.
As of 2001, the slum population of Patna was 63.5%. Patna is the 21st fastest growing city in the world, and the fifth fastest growing city in India, and is expected to grow at an average annual rate of 3.72%.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
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—Alexander Herzen (1812–1870)
“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)