Gobichettipalayam - Economy

Economy

The city is developing quickly and has been described by the government as "Bi-functional", with 31% of the work force engaged in agriculture, 56% in trading and other activities and 13% in industry. A number of banks have been established in the town in recent years, testimony to the growth and prosperity of the local economy. ICICI Bank established its third branch in Tamil Nadu here. The economy is predominantly dependent on agriculture.

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