The city is renowned for education, business, e-commerce industry, and agriculture. The region around the city up to Visakhapatnam, is identified as a major industrial corridor in India. The city is famous for its exports, including Chilli pepper, cotton, and tobacco. It is the largest producer of chilies in India.
The name of the town Guntur stems or originates from two Telugu words Gunta meaning Tank or a Reservoir and Ooru meaning 'Town' or Settlement. That translates to a town that has plenty of water tanks or reservoirs.From ancient times too the area had unique importance, plenty of reservoirs and tanks were everywhere in the area, to store water for both domestic needs and irrigation purposes as well.