The economy of India ... This country strikes literally everyone, starting from the pace of development of modern infrastructure and industry and ending, of course, with an amazing culture, unique sights and interesting traditions.
Section 1. The economy of India. General indicators
Today, India, whose economy is considered highly controversial, is far from the last in the ranking of
developing countries. If we approach the issue comprehensively, we can conclude that on the one hand it is called the richest country on the planet (in terms of the availability of minerals), on the other hand, the agro-industrial sector, which employs 2/3 of the country's population, is in extremely poor condition.
In fact, the contrasts are amazing. Let’s try to single out several major sectors of the local economy.
- India's economy thrives mainly on the part of the population who are fortunate enough to find jobs in the mining industry. And this is not surprising, because it is India that owns a fourth of all the world's coal reserves, a significant share of iron, bauxite, manganese, mica, oil, gold, gas and chromite.
- As you know, medicine does not stand still. Indian doctors and junior staff, as well as the production of medicines and various equipment - all this is in demand and very valuable in the world.
- The country has not only its own nuclear weapons, but also a reputation as a space power. India, unlike other countries on the planet, independently produces rockets.
- The Government of India has made the right decision in terms of software production. Now in the city of Bangalore, one of the largest scientific computer centers of the Earth is located, and its products are sent primarily for import.
Section 2. Economy of India. Characteristics
If we talk about the main features of the economic growth of this region, we can distinguish the following:
- Inhomogeneity of regions. In the north of the country (in most cases), the local population lives, guided by ancient traditions, customs, culture developed several centuries ago. All this noticeably slows down the industrial development of the region. The British model of development once developed in the southern part of the country, local residents are considered more mobile, adaptable, and therefore prosperous and prosperous. In the West, the population is mainly engaged in light industry, there is a massive development of private and family business.
- Provision of mineral resources. Absolutely all over the country coal mining is carried out. It is hard to imagine, but about 500 large mines were located in the state. In addition, copper, zinc, tin, alumina, iron and copper ore, manganese and lead are mined in large quantities.
- The presence of deposits of both precious metals and stones. The economy of ancient India, as well as the modern one, in many respects depends on silver, gold and diamonds.
- The nationalization of heavy industry. This process occurred immediately after independence. Now this leading industry belongs only to the state. Most of it, according to experts, was created by the government itself.