-| Indian Economy | -
Economy
Although
India is a predominantly agricultural country. it has a large manufacturing
base and is one ofthe world's major industrial powers. The economic reforms
of the last few years are now enabling India to attract multinationals that
want to tap into the huge Indian market.
Agriculture
The main crops are rice (annual yielsd of 81 million tones) and wheat (55 million
tones), but it's the cash crops such as tea and coffee which are the export
earners. India is the world's largest producer of tea, with an annual production
of around 740 million-kg, of which around 210 millions tones is exported.India
also hold around 30% of the world spice market, with exports of 123,000 tonnes
per year.
Other significants crops grown and used domestically are rubbers, with an annual
production of around 547,000 tonnes, and coconuts, with production runing to
about one billion nuts annually.
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