Economy of Coimbatore

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Economy of Coimbatore

I am not an economist to comment on economy of Coimbatore.
But I can definitely say something of sense, as a common citizen of Coimbatore.

Economy of Coimbatore is all set to grow in an elevated manner. The reason - due to growth of one industry - computer software industry, there would be lot of money coming in Coimbatore.

Most important point here is - the money is all white. Nothing black in it. All the money is either post-tax money or the money earnt legally. This is not just money from a politician or a corrupt official. All this money is coming from outsiders, who have earnt money in various ways.

As we have discussed before, economy improves only when businesses are started. These businesses expanded or started would give employment to numerous individuals. If various individuals get employment, automatically the whole family gets benifitted.
If you think about it - if one industry crops up, then automatically other industries come up.

For example: IT industry is facilitated by the government. We are already seeing that real estate industry is on top. Whoever has money is buying lands left and right. All outsiders are trying to buy land in coimbatore. Corporates are buying land in coimbatore.
This manifests the status of real estate industry in Coimbatore, due to the upcoming IT industry.

One small example is that - online domain names related to coimbatore are on demand these days. The number of domains related to Coimbatore registered in past 2 years is more than what it had been the case before.

People are trying to buy businesses already existing in Coimbatore.

For example, if more outsiders come into coimbatore, then automatically entertainment and food industry also booms.
Existing small theatres in coimbatore would be bought, considering the location. The small theatre will have to give up their business due to couple of reasons - 1) The offer will be big, which cannot be hesitated. 2) The small business owner will not have this opportunity again, since it is a boom time. 3) Withstanding and continuing businesses before these big businesses would be difficult for the small business owner.

I see an amazing miraculous change for Coimbatore. I see Coimbatore to change as a GREAT MADURAI!!!

I wish I come back to my coimbatore and live the rest of my life.

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