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

2.   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

3.   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

4. Indian Rupees http://dailyrupee.blogspot.com/2009/07/indian-rupee.html Indian Cattle http://web.mit.edu/mitir/2007/spring/india.html

5. 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 http://www.pbs.org/thestoryofindia/swf/sind-101-climate_change-stack.jpg View of the old Indus Valley Civilization

6.   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)

7.   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

8.   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

9.   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

10.   http://www.umsl.edu/services/govdocs/wofact20 05/geos/in.html#Econ http://www.umsl.edu/services/govdocs/wofact20 05/geos/in.html#Econ  http://www.worldbank.org/en/country/india http://www.worldbank.org/en/country/india  http://www.ibef.org/india-at-a-glance/India- diverse-democratic-dynamic/indian-economy- overview.aspx http://www.ibef.org/india-at-a-glance/India- diverse-democratic-dynamic/indian-economy- overview.aspx  https://www.cia.gov/library/publications/the- world-factbook/geos/in.html https://www.cia.gov/library/publications/the- world-factbook/geos/in.html Bibliography