Created by Alan Nhan, Matt Damiani, Saalik Lokhandwala and Felicia Reyes

  Agriculture Products - rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish  Industrial Products - textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals Quick Facts

  Developing open-market economy  Diverse economy based on  Traditional village farming  Modern agriculture  Handicrafts  Wide range of modern industries  Major source of economic growth (2/3 of India’s output) – export of services  Information technology services  Software workers Overview of Economy

Indian Rupees Indian Cattle

Development of the Economy Historically (Old)  ~2000 BC - Indus Valley Civilization – a lot of agricultural practices with domesticated animals  16 th Century – Europeans started to trade with India  Late 1700s – Britain, France and Netherlands – began competing for trade with India View of the old Indus Valley Civilization

  1947-Present – After independence from Britain, India wanted to economically protect Indian people  Moved towards industrialism  Wanted some government intervention  After 1991 – India’s economy grew more  Wanted to take away governmental intervention policies Development of the Economy Historically (New/Recent)

  India becomes independent from Britain – wanted governmental intervention  To protect people’s rights  Make sure there would be no economic failure – government would keep them afloat  Britain placed many taxes on Indians without them having a say  Wanted to prevent that from happening Importance of Government

  Liberalization, privatization and globalization  New economic reform – aimed at making Indian economy the fastest growing economy and globally competitive  Government – less restricting – allowing people to create jobs and businesses  Opened up economy to foreign direct investment  Provided facilities for foreign companies to invest in different fields of economic activity  Indian companies are now allowed to enter foreign collaborations  Free inter-country movement of labor Effect of Globalization

  Temperature – overall is increasing/warming  Changing forest vegetation  Decreasing frequency in cyclones  Increasing levels of storm surges  All weather changes  Effect rural population – directly effects food and energy security of the country Effect of Weather Changes

  05/geos/in.html#Econ 05/geos/in.html#Econ   diverse-democratic-dynamic/indian-economy- overview.aspx diverse-democratic-dynamic/indian-economy- overview.aspx  world-factbook/geos/in.html world-factbook/geos/in.html Bibliography