Ashtamichira is centered on the Ashtamichira junction, which houses major businesses and establishments. It has also been a center of growth in the past decade, with numerous businesses opening up in the area. The vast paddy fields and coconut groves that surround Ashtamichira represent the core strength of the area, which is agriculture. Ashtamichira has historically been an agrarian community, but the economic growth of India in the past decade has started to show its effect in the community's shift away from agriculture.