Economy of India

Agriculture is very important for the economy of India.

The most important activity in the economy of India is agriculture. Agriculture is very varied in this vast country because of the climatic differences. Wheat is mostly grown in the northern states like Uttar Pradesh, Haryana and Punjab. Rice grown in the southern states plays an important role in the economy of India because the production has risen remarkably in the last years.

Other major crops in the economy of India are sorghum, millet tea, cotton and sugar cane. Rice, tea and cotton are very important for export too. India is still predominantly agricultural, but it’s getting more and more industrial power too. It won’t take long before the political influence increases too.

India has some enormous sources of coal and iron that are also very important for the economy of India. Coal reserves are an estimated 36 billion tons, and the iron reserves are an estimated 5 billion tons. Coal is exported mostly to Japan. India also has a few oil fields and the country gets its energy from oil, gas, coal, hydro electricity and a small amount of nuclear power.

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