Economy
The GDP-gross domestic product of Surat metro was estimated at $10 billion in 2010. Surat GDP was 9th highest GDP in India during 2011-12. Surat is known for diamonds, textiles and recently for diamond-studded gold jewellery manufacturing. The City accounts for:
+ 90% of the world’s total rough diamond cutting and polishing,
+ 99.99% of the nation’s total rough diamond cutting and polishing,
+ 90% of the nation’s total diamond exports,
+ 40% of the nation’s total man made fabric production,
+ 28% of the nation’s total man made fibre production
+ 18% of the nation’s total man made fibre export, and
+ 12% of the nation’s total fabric production.
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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 (18031882)
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