Home »Indian Economy

INDIAN ECONOMY

Natural resources

India's total cultivable area is 1269219 sq. km (56.78% of the total area), which has been declining due to constant pressure from a growing population and increasing urbanization. India has a total area of water and 314400 sq km receives an average annual rainfall of 1100 mm. Irrigation accounts for 92% of water use, and consisted of 380 sq km in 1974 and is expected to rise to 1050 sq km in 2025, the balance being accounted for by industrial and domestic consumers. The India inland water resources, including rivers, canals, ponds and lakes and marine resources, including the east and west coasts of the Indian Ocean and other gulfs and bays provide employment to nearly 6 million people in the fisheries sector. India is the sixth largest producer of fish in the world and second-largest production of fish in inland waters.


 

India main mineral resources include coal (fourth largest reserves in the world), iron ore, manganese, mica, bauxite, titanium ore, chromite, natural gas, diamonds, oil, limestone and thorium (more important along the coast of Kerala). India oil reserves, said in Bombay High off the coast of Maharashtra,Gujarat, in eastern Assam and meet 25% of demand. Rising energy demand concomitant with economic growth has created a perpetual state of the energy crunch in India. India is poor in oil resources and is currently heavily dependent on coal and foreign oil imports for its energy needs. Although India is rich in thorium, but not in the uranium, which it might have access to nuclear power if a deal with US comes to fruitition. India is rich in energy resources, some of which promises significant future potential - clean / renewable energy resources such as solar, wind, biofuels (jatropha, sugar cane)


 

Physical infrastructure

Affordable and environment friendly public transport is seen as a necessity for India's metros. India has allocated nearly half of the total expenses of five-year plans for infrastructure development. Infrastructure in india-what needs to be done Infrastructure development has been entirely in the hands of the public sector and has been plagued by corruption, bureaucracy Inefficiencies, prejudice and urban areas and an inability to scale investment.

The India over expenditure of low-power, construction, transportation, telecommunications and real estate, at $ 31 billion, or 6% of GDP in 2002 has prevented India to maintain higher growth rates. That prompted the government to partially open the infrastructure for the private sector, allowing foreign investment, which contributed to a sustained growth rate of nearly 9% over the past six quarters. India is the second largest in the world for roads' construction, more than double that of China. In 2005, electricity production was 661.6 billion kWh oil production is 785000 bpd. India main import partners are: China 8.7%, United States 6%, Germany 4.6%, Singapore 4.6%, France 4% from 2006 CIA FactBook On January 15, 2007 There were 2.10 million broadband lines in India. Slow tele-density is the main obstacle to the resumption of the slow pace of broadband services. Over 76% of broadband lines are DSL and rest via cable modems.

 

 
 
 
Copyright © 2007. All rights reserved.