The major sources of employment are in the agriculture, dairy, sericulture, floriculture and tourism-related industries. Farmers in Mulbagal are completely dependent upon borewell water for irrigation and drinking. Mulbagal is home to several famous temples, and is popularly known as the land of "Temple Places." Many transport and travel businesses set up their base here. Mulbagal has many sericuluture and vegetable trading markets, including potatoes, tomatoes (in Vadahalli), brinjal, beans, beetroot, carrots, chow-chow and cabbage. The state government of Karnataka acquired non-agriculture land for industrial development activities as part of an initial step the government proposed for a granite industries hub at Mulbagal taluk. Mulbagal is known for tobacco beedis. Many brands of beedis are produced and distributed to Karanataka and Andhra Pradesh. The Muslim community is largely engaged in this business.