Indian Economy



India is located in the southern part of Asia and is also south of the Himalayan Mountains. This southern peninsula has the largest mineral deposits and the largest cultivable land in the continent. The population of India is critically large and although nearly all people are Hindu, some are of other religious denominations. The life of the Indian people is usually ruled by their caste system, but the system 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 extreme frigid temperatures. In the area closest to the mountains extreme temperature should be expected. The northern plains have heavy snowfalls. The northeastern part of India has a cool monsoon season from early December throughout February. A monsoon is a wind system that produces wet or dry seasons. If there are severe droughts, famines can result from it. On the other hand, too much rain can cause malaria. Also, the contradictory temperature of the northern days and nights fortify pulmonary disorders. The annual amount of precipitation along the southern slopes of the Himalayas is 60 inches. There is also a hot/dry season that begins in the middle of March until the beginning of July. During this time the Himalayan area has had temperatures of about 120 F. Calcutta, which is a city east the Himalayan mountains, has an average daily temperature of 55 F to 80 F during the month of January and 79 F to 89 F in July. The other areas of India, the southern and western parts usually have a tropical climate. 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. In Bombay, which is located in the west central part of India, have temperatures of 67° F 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 worth is one-third of the annual gross domestic product (GDP). The farms are usually humble and owned by families. The crops that are mostly cultivated for domestic proposes are rice, wheat, cotton, tea and jute, which is a plant that gives a fiber which can be made into sacking and cordage. India is responsible for a large amount of exports to the world. Sugar production a year during the early 1990’s was 230 million metric tons. The annual production of tea was 743,000 tons. Rice was 72.6 million tons and wheat was 56.8 millions 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. In the slopes if the Western Ghats, were there is heavy rainfall which give a home to evergreens, bamboo, teak, and other timber trees. In the southeastern 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, India 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 underdeveloped when compared to other fishing industries, it is a vital tool for the people. In the Ganges delta in Bengal it most important. The government has encouraged deep-sea fishing by constructing processing plants and paying for fleets and vessels going to the ocean. 59% of the