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India Economy |
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India Economy
Agriculture is an important activity in India's economy.
Agriculture is still the most important activity in India’s economy. Agriculture is varied in this vast nation. In Northern states like Uttar Pradesh, Haryana and Punjab mostly wheat is grown. Rice growing plays an important role in India’s economy in the southern states. Production of these two crops have risen dramatically in the last years. Other important crops for India’s economy are sorghum , millets, tea, cotton and sugar cane. The country has important exports of rice, tea and cotton. The country is still predominantly agricultural but is has now become one of the world’s most important industrial powers. Soon this will also be translated in political influence as well. Another element that’s crucial for India’s economy are the enormous resources the country has. Coal reserves are estimated at 36 billion tonnes, iron reserves at 5 billion tonnes. Large parts of the coal exports go to Japan. The county has some oil too. Oil, gas, coal, hydro electricity provide the energy for this gigantic country.
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