Economy of Chennai

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Economy of Chennai

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

Economy of Chennai 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 Chennai.

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 chennai. Corporates are buying land in chennai.
This manifests the status of real estate industry in Chennai, due to the upcoming IT industry.

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

People are trying to buy businesses already existing in Chennai.

For example, if more outsiders come into chennai, then automatically entertainment and food industry also booms.
Existing small theatres in chennai 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 Chennai. I see Chennai to change as a GREAT MADURAI!!!

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

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