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How can you say that industries and agriculture are back bone of Indian economy?
Wiki User
∙ 11y ago
Because , Our major income creates from this hand ,people of Indian mostly depend on agriculture, and major part of population works in different industries.
that is why it is a the back bone of Indian economy
Wiki User
∙ 11y ago
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Why agriculture is consider as the back bone of the Philippine economy?
Agriculture is important because it is the source of food (the major component of household expenditure in the Philippines) for the economy. Aside from that, it is the source of foreign exchange, the number of laborers that can be absorbed , the source of raw materials for manufacturing and related industries, and a potential market for products of other economic sectors. To read more on this topic, google... * bit(dot)ly/1AzpggJ * (without asterisks and change the (dot) to its symbol)
After reconstruction one major change in agriculture was?
The South had developed a more balanced economy after Reconstruction. The major goals were to rejoin all the states back to the Union and to help rebuild the South.
Why was the U.S. economy so important to the world economy in the 1920's?
U.S. factories produced half of the world's industrial goods Well first off America back then was just kicking off from a normal country to SuperPower. Back then America was more about agriculture and indusrial good so everything was manufactured in the U.S.A. In plain terms We were then what China is now!
The basic features of Indian economy?
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What are The better watered volcanic islands where the economy is based upon agriculture known as?
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After reconstruction one major change in agriculture was?
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Why was the U.S. economy so important to the world economy in the 1920's?
U.S. factories produced half of the world's industrial goods Well first off America back then was just kicking off from a normal country to SuperPower. Back then America was more about agriculture and indusrial good so everything was manufactured in the U.S.A. In plain terms We were then what China is now!
The basic features of Indian economy?
India has the twelfth largest economy in the world. Among the third world countries, India has proved itself to be one the best players in the world economy. The economic condition of India has improved immensely over the last few decades. Recently many policies have been reformed and some implemented in order to help the progress and development of the Indian economy scene. At the moment, the economy of India has been progressing at the massive pace. Every Economy in the world stands on four basic pillars. Indian being one of the largest Economies of the world, too stands on these pillars. These are GDP, Inflation, Forex Reserves and Current Account Deficit. Topping all these comes the External Debt which is often used to stabilize the down going markets. Indian economy is the fourth largest in the world, with a GDP of $3.63 trillion at PPP, and tenth largest in the world with a $691.9 billion at 2004 USD exchange rates and has a real GDP growth rate of 6.2% at PPP. Suggested Tour Packages. While the Gross Domestic Production tells about the total development in terms of total production in various sectors in a year, the inflation in co relation with the deflation tells about the market indices. The Forex Reserves counts on the Foreign trade and the currency earned in it while the Current Account Deficit makes for the total amount which is lacking to meet the requirements. All these are so adjusted that they make for the total profit or the growth of the economy. When all these four work in perfect synchronization, the net result is the growth of Economy or GDP. India too works on these to make a better Economy. Some of the Key factors in the growth of the Indian Economy are the broad spectrum industries, stable parliamentary democracy, independent judiciary, global mindset of corporate sector and lobbying for globalization. With the changing perspective, today the Indian Economy is more strong, it has new players both local and forgien, the buyers market has increased with more competition, there is liberalized trade facilitating integration with WTO. All these have put the Indian Economy on a global perspective. With liberalized financial markets and emphasis on prudential norms the dynamic nature of Indian Economy is seeing new heights. But despite of all this growth the Indian Economy is curtailed by creaking infrastructure, cumbersome judiciary system, dilapidated roads, severe shortage of electricity, lesser number of schools, lower education, caste system and reservation system. These are some of the common factors which inhibit the growth of the Indian Economy. Whatever is being written on papers is not materializing and even if it is being done in some sectors, the growth is slow that the work being done is equal to no work. Indian Economy beginning from the Indus Valley Civilization to the Mayura age has a reached a point where Oligarchy has become more prominent. The democracy is losing its point somewhere and the growth of Indian Economy is showing its good results only in some sectors. There is a lot which needs to be done, especially from the growth perspective....
What factors are holding back Romania's economy?
the factors that are holding back Romania's economy communist policies.
