Economy of Gaya gives the pen picture of the income of the region. Gaya is considered as one of the sacred city in Bihar. It is because; Gaya has long drawn history from the time of Bimbisara.
Gaya is at about 100 kilometres south of Patna. It is situated on the banks of the Phalgu River. It is a place sanctified by the Jain, Hindu, Islam and Buddhist religions. It is surrounded by small rocky hills (Mangla-Gauri, Shringa-Sthan, Ram-Shila and Brahmayoni) by three sides and the river flowing on the fourth (eastern) side. The city of Gaya has a mix of natural surroundings, age old buildings, green areas and narrow bylanes.
Cottage Industries in Gaya
In independent India, Gaya is the second biggest economy contributor after Patna for Bihar. It has a large number of household, small scale and cottage industries like production of agarbattis, production of tilkut and lai, stone crafting and power looms.
Small Scale Industries in Gaya
There are various small scale manufacturing industries like packing industries, plastic products industries, Scrap Industries and hand looms. Gaya functions as a service centre for the surrounding towns and villages. Commercial activities are located along the important roads of the town.
Economical Strength of Gaya
The main city of Gaya has many economical possibilities. The main vegetable market in the city is the Kedarnath Market. In additional to this the city has a large number of informal shops.
Tourism Sector in Gaya
On account of Gaya being an important centre for religious tourism, the city has a large number of costly and affordable hotels and accommodations. Gaya has the highest number of hotels in Bihar and Jharkhand. The industries in the city are mainly affected by shortage of electricity power problem. The credit facility with banks is most important possibilities in Gaya.
Gaya as a Smart City
Gaya is regarded as smart city. Recently, Gaya has been chosen as one of the heritage cities for HRIDAY - Heritage City Development and Augmentation Yojana scheme of Government of India.
