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 country’s 4.2 million annual catch in the early 1990’s was
made of the marine species. 23% of the total land area in India of made up of
forestlands. The regions bordering, the Himalayas are the largest source for
commercial forestry. The annual timber harvest was 9.9 billion cubic feet in the
early 1990’s. The mining industry