Welcome to Puducherry (Pondicherry)
Monday, December 11, 2017 07:19 AM
Economy
The Pondicherry Economy can be characterized as an open economy with flows of virtually all factors of production including natural resources, labor, capital and technology like Engineering, Food processing, Chemicals, Metals, Tourism, Textiles, and Information technology.
The Economy of Pondicherry is chiefly dependent on agriculture and fishing. About 45 % of the total population of Pondicherry earns their livelihood from agriculture and other related activities. The major crops grown in the region include rice, pulses, coconuts, groundnuts, condiments, chilies and spices, Sugarcane and cotton are the crops that are also cultivated by the farmers of Pondicherry. Milk production and distribution is well organized and it is largely in the cooperative sector.
A well established modern dairy is one of the achievements of Pondicherry.
Sectors like eco-tourism, footwear, and marine products are some of the areas where an investment boost is expected in Pondicherry. Several corporate entities such as IBM, Wipro, MRF, HP, HCL and LG have set up shop in Pondicherry due to the infrastructural advantages it offers.
The Demographic aspects of the Union Territory of Human resources are both a means to economic activity in terms of the labor and skills provided, as well as the end in terms of the quality of life that results from economic growth. Projection of population in 2011 and 2021 will depend on the level of migration into the Union Territory, apart from the natural increase in the population. Rural Urban migration within the Union Territory is another demographic dimension that is examined. The growth rates of output in the economic sectors such as agriculture, industry and services have very good possibilities for growth in the future.
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