Economy
Wayanad is 3.79% urbanised. Agriculture, is the main stay of the economy. Coffee, tea, cocoa, pepper, plantain and vanilla are the main crops. Besides these cash crops, the most important crop in the district is rice. Dams and aqueducts have been constructed to take water to the otherwise dry areas in the district. Price of land is going up even though Agrarian crisis.
In 2006 the Ministry of Panchayati Raj named Wayanad one of the country's 250 most backward districts (out of a total of 640). It is one of the two districts in Kerala currently receiving funds from the Backward Regions Grant Fund Programme (BRGF).
Read more about this topic: Wayanad District
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)
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)