DOMINANT SECTORS OF EMPLOYMENT & ECONOMIC DEPENDEN


Resilience Issues
Local economy
Livelihood support
Access to financ


Resilience Discovery Areas
The evolution of the power loom and handloom sectors led to gradual growth of textile
industries. Another important addition since the 1950s is the diamond cutting and polishing
industry. In the last two decades, especially during the 1980s, large-scale industries have
come up in Surat and its peripheries. The economic base of Surat consists of textile
manufacturing, trade, diamond cutting and polishing industries, intricate zari works,
chemical industries, and petrochemical- and natural gas-based industries at Hazira
established by leading industrial houses such as ONGC, Reliance, ESSAR, and Shell.
The economy of Surat is heavily dependent on two dominant sectors, which are diamond
and textile. Recession in these two sectors has a significant impact on the economy
of the city. The city should invite different alternative industrial sectors as technology,
automobile, tourism, etc. as a backup livelihood provider in case of economic crises.


Emerging Issues
• Economy is dependent mainly on two business sectors
• Both the sectors are highly dependent on migrant workers
• Imbalance in diamond business due to growing market of synthetic diamond
• Risk by consolidation of dominant sectors
• High dependency on global economy and global markets


Gateway for Phase II What are the alternative industries for which Surat is eligible?
Who are the potential investors for the alternative industries?
Can we have economic resilience indicators for Surat?
Are there any small-scale alternative industries rather than diamond and textile; if any, then
how can we support small-scale alternative industries to grow as a substitute industrial
sector?
How can we invest more in the industrial safety and insurances to have post shock
resilience?