Indian Economy

Indian Economy 

India is located in the southern part of the Asian continent. And also south of the Himalayan Mountain – ( Darjeeling Tea ) southern peninsula has the largest mineral and the largest cultivable land on the continent, the population of India is critically large and nearly all people The life of the Indian is usually ruled by their caste system, but the s is not as firm as it was years ago. 

India has a mixed economy. The different elements of India, such as location, resources, and religious beliefs, mold the outcome of their economy. In the area that India is geographically located; the climate varies from tropical to extremely frigid temperatures. In the area closest to the mountains extreme temperatures should be expected. 

The northern plains have heavy snowfalls. The northeastern part of India has a cool monsoon season from early December throughout February monsoon is a wind system that produces wet seasons. If there are severe droughts, famines result from it.  

On the other hand, too much rain can cause malaria. Also, the contradictory temperature of the and nights fortify pulmonary disorders. The annual amount of precipitation along During this time temperatures of the city east of the During this time the Himalayan area has had temperatures In the other areas of India, the southern and western parts usually of about 120 F. Calcutta, which is the Himalayan mountains, has an average daily temperature of 55 F to 80 F during the month January and 79 F to 89 F in July. they also have monsoons but are referred to as the dry or wet seasons.  

These monsoons control the temperature, rainfall, and humidity. The wet or rainy season is from June through September.

Winds blow from the Indian Ocean and the Arabian Sea. The rain can be overwhelming and is typically 125 inches during this season. The Cherrapunji in the Khasi Hills has a yearly rainfall of about 425 inches.

Mumbai, which is located in the west-central part of India, has temperatures of 67F to 83 F in January and 77 F to 85 F in July. With the different temperatures, natural resources can flourish or degenerate. 

India has many large cultivable regions and numerable timber access. India's agriculture is worth 15 one-third of the annual gross domestic product (GDP). The farms are usually humble and owned by families. 

The crops that are mostly cultivated are cotton, tea, and for domestic purposes rice, wheat, and cotton. jute, which are plants that give a fiber which made into sacking and cordage.

India is responsible for a large amount of e to the world. Sugar production a year during the early 1990s was 230 million metric tons. The production of tea was 743,000 tons. Rice was 726 million tons and wheat was 56.8 million tons. Cotton was at 2.0 million and jute was at 1.4 million tons Other agricultural products that are sold as exports are cashews, coffee, spices, barley, chickpeas, bananas, rubber, melons, vegetables, corn, sorghum, linseed, millet, and mangoes. 

The timber in India is not varied but is resourceful. In the Himalayan region, the cedar, pine, oak, and magnolia trees are abundant. The slopes of the Western Ghats, where there is heavy rainfall, are home to evergreens, bamboo, teak, and other timber trees.

In the south-eastern part, the mangrove and the sal are very common. These two trees are hardwood timber. Other resources include fishing, mining and manufacturing. 

The fish, forestry, mining, and manufacturing, that are of economic significance contribute to the Gross Domestic Products. Shrimps and prawns, Indian oil sardines, ducks, croakers, Bombay, Indian mackerel, anchovies, and marine catfish are the sea life that Indian people consume.

Even though the fishing industry is Overdeveloped when compared to other fishing a vital tool for the people. 

Bengal is the most important. They as encouraged deep-sea fishing by processing plants and paying for fleets to the ocean. 59% of the country's annual catch in the early 1990s was marine species. 23% of the total land in India is made up of forestlands. the regions bordering the Himalayas are the source of commercial forestry. 

The annual timber harvest was 9.9 billion cubic feet in the early 1990s. The mining industry thrives on Iron ore, coal, mica dolomite, copper, bauxite, petroleum, natural gas, zinc, lead, chromium, limestone, phosphate cock, silver, and gold. India is among the world's readers who produce iron ore, coal, and bauxite.

The other elements mentioned above are also reduced significantly. The annual production during the early 1990s for iron ore was 53.7 million metric tons, for coal it was 247.3 million, bauxite - Which was 5 million for manganese 1.8 million, and zinc 01,00. Three-fifths of the annual production of Petroleum (201.9 million barrels) is for India's consumption.

The products that India manufactures are iron and steel, machinery, processed agricultural products, fertilizer, transportation, non-ferrous metals, refined petroleum nickels, and computer software. Unfortunate Equipment, chemicals, and employment in these died in Agriculture, Forestry, and fishing and employment has gone down in services, transportation, and communication.

Transportation is composed mostly of railway lines. Its broad network of railroad lines is the la in Asia and fourth in the world. The total length of an operating railroad track is about 38,811 miles long. There are about 1.3 million miles of routes. All of the railroad systems are publicly controlled. There are 21,164 miles of the national highway. 

India also has a comprehensive network of airlines that connect to cities and towns all around India. Connections to the world are controlled by airlines such as Air India, and other private airlines - transport airlines. The major ports are in the city of Kolkata, Mumbai, Chennai, and Vishakhapatnam.

Communications in India include mediums of the telephone, radio, and periodicals. Their telephone system serves about 5.8 million telephones.

The radio system is owned by the government and is called 'All India Radio broadcast'. It serves about 68.5 million radio sets. The programs are held in 24 principal languages and many other dialects.

There are 27.8 million television receivers. There are 3800 daily newspapers. The life of the people of India is very interesting. India is second in the world with the largest population 83% of the people are Hindu, 11% are Muslim, and 2% are Sikhs.

The Hindus themselves as the ones who follow the ay of the four classes and stages of r is more Important than individual Vedas or the Behaviour is reliefs.

The Hindu where each religion has many gods and is one individual is free to worship many gods and have different rituals for them. The bail system may sometimes interfere with economic growth.

The caste system is a religious and social belief that each person is born into a position which they may not advance or decline from. If a person is born into an 'untouchable for example, (the most undesirable social position) they would try fulfilling their life now and not strive to be any better, in hope that in another life, they will be rewarded with a better position.

India is a country that has a diverse environment, large agriculture, and conflicting social sues. There is a massive amount of livestock that is not used for consumption. The belief is a person may return as any living creature and or consume these animals is to kill oneself in her life, reducing the ability to be promoted. Livestock is used for labor in rice and other agricultural fields.

All the different elements together such as resource sources, services, and social beliefs bring the economy to a close. The currency in India is the Rupee. It is divided into 100 paise. India has a mixed economy. Most of the control is through private owner-ships.

India is dependent on foreign goods, such as manufactured goods, raw materials, and foodstuffs. In the early 1990 the United States was India's leading trading partner. The US received 16% of its imports from India. India also has good trading relations with Japan , Germany, Great Britain, United Arab Emirates, Belgium, Hong Kong, and Italy.