Economy
Besides its historical importance, the district has occupied an important place in the industrial map of Andhra Pradesh with its highly valued rich mineral resources.
Black corson soil lands are 24%, black soil 19%, sandy soil lands 4%, red soil lands 25%. The first variety lands are very fertile. Sand soil lands are not so fertile. ‘Korra’, orange, lime and betel leaf are the special crops. They are cultivated near river beds. Starting at Sunkesula Dam on Tungabadra river Cuddapah-Kurnool (K.C) Canal flows through Cuddapah and Kurnool districts providing water to 40 km² of cultivable land. The main source of drinking water to this district is Galer-Nagari-Sujalasravanthi Canal.
This district is the repository of mineral wealth. As per the 1983 survey of geological survey of India 30 lakh tons of lead, 74,000,000 tons of barytes, 27000 tons of asbestos deposits are there. It is estimated that 700 lakh tons of barytes deposits might be there in Mangampet. There are clay deposits in Rajampet. This is used to make stone implements. Limestone is available in Yerraguntla, M/s. Coramandal Fertilizers established a cement factory with an annual yield of 10 lakh tons. Bharat cement corporation increases its capacity to 10 lakh tons. National mineral development corporation is extracting asbestos in Brahman palli and barieties in Mangampet. Kadapa is also famous for its stone called as "cuddapah stone" used in building construction and for slabs especially in the south India. In Tummalapalle, there are 49,000 tonnes of confirmed uranium deposits which are mined and processed locally.
In 2006 the Indian government named YSR kadapa district as one of the country's 250 most backward districts (out of a total of 640). It is one of the thirteen districts in Andhra Pradesh currently receiving funds from the Backward Regions Grant Fund Programme (BRGF).
Read more about this topic: YSR District
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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 (1803–1882)