Gwaldam is a small town itself, the main reason for its prosperity is its being a junction of Kumaon and Garhwal and many paths lead to different areas and villages.

[citation needed] It is also a base camp for the trekkers who enter from Kathgodam (Nainital) railhead on trekking route to Lord Curzon Trail (Kuari Pass), Nanda Devi Raj Jat and Roopkund.

built a track connecting Gwaldam to Roopkund which passes through the various places like Devtaal, Nandkeshri, Deval, Mundoli and Waana Gaon.

Talla Gwaldam people have a strong belief on Goddess bhagwati for which devotee comes for worship from all around during bhado (bhadrpad).

Unfortunately, line of supply was cut short by the Katyuri king and Parkhu was beheaded at Binayakdhar, perhaps nearby crossroad at Gwaldam.

Local people expect that this large chunk of land, about 10 square kilometer could be used as adventure sports university or other activity.

The women-centric Maiti movement, which involves a unique ritual of planting a sapling by a newly-wedded couple, was initiated in Gwaldam by environmentalist Kalyan Singh Rawat in 1994.

Presently under Rashtriya Krishi Vikas Yojana, schemes like strengthening of Angora breeding farm and pilot project for establishment of Barbara goat are sanctioned.

Previously it was a private degree college founded by a freedom fighter, politician, educationist and member of legislative assembly in erstwhile Uttar Pradesh, Sher Singh Danu.

A lake, 'Nirmal Sarovar' (named after a great Forester NK Joshi), in FRH campus is a point of attraction here.