Economy Of Allahabad

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The city of Allahabad is also called as Prayag and lies in the northern region of the Indian state of Uttar Pradesh. It is regarded as administrative headquarters in the district of Allahabad. It is considered as the 7th most popular city in the state of Uttar Pradesh. The economy of Allahabad is quite developed and therefore in the year 2011, it was declared as the 130th fastest growing city of the world.

Allahabad Economy

  • Industries- There are a large number of small as well as large scale industries found in the Allahabad city which made the economy of Allahabad develop and helped in accelerating the development of the city.

Some of the significant industrial organizations found in the Allahabad district are:

  • ITI Naini
  • Geep Industries
  • Triveni Sheet Glass Ltd Naini
  • IFFCO in Phulpur area of Allahabad
  • Raymond Synthetics Karchanna
  • Hindustan cable Ltd Naini

There are several Educational Institutes such as Civil Aviation Training Centre along with Harish Chandra Mehta Atomic Research Centre found to be situated in the Allahabad city which have high reputation.

  • Tourism

Because of the huge number of domestic as well as international tourists coming here in the Allahabad city, the tourism industry got a sufficient boost. Among the several reasons of attracting people, the Kumbh Mela is the major one. The Kumbh Mela is not only famous in India but worldwide and therefore millions and millions of devotees come here in Kumbh Mela organized here in every 12 years, thereby gearing up the economy of Allahabad and making it largest gathering of humans in the whole world.

  • Income:

The Income of city of Allahabad gets boost up because of a number of economic activities taking place here such as primary activities, agriculture and animal husbandry, fishing, forestry and logging, mining and quarrying etc. There are secondary activities and manufacturing which may be registered or unregistered. One can get to see a large number of constructions taking place in Allahabad which again improvises the Allahabad economy.

  • Hotel Industry

Since large number of religious activities keeps on taking place here and Kumbh Mela or Maha Kumbh being the major one, the city catches the fancy of tens of millions of tourists across the world. It gives a kick to the economy of Allahabad through Hotel Industry as well. There are several hotels in Allahabad offering online information as well as bookings. There is Triveni Sangam, which is one of the four sites of the Kumbh Mela, taking place in Allahabad. It is the confluence of the 3 holy rivers of Ganga, Yamuna and Saraswati. The hotels of the city cater to the several devotees and tourists visiting the city regularly. These hotels offer the best facilities of accommodation as well as services to the visitors not giving much burden to the pocket. These Economy Hotels of Allahabad offer the services as per the requirements such as dining, recreation as well as cab service available there for their clients.