Economy
The historical region of Punjab is considered to be one of the most fertile regions on Earth. Both east and west Punjab produce a relatively high proportion of India and Pakistan's food output, respectively. The agricultural output of the Punjab region in Pakistan contributes significantly to Pakistan's GDP. The region is important for wheat growing. In addition, rice, cotton, sugarcane, fruit and vegetables are also major crops. Both Indian and Pakistani Punjab are considered to have the best infrastructure of their respective countries. The Indian Punjab has been estimated to be the second richest state in India. The Pakistani Punjab produces 68% of Pakistan's food grain production. Its share of Pakistan's GDP has historically ranged from 51.8% to 54.7%.
Called "The Granary of India" or "The Bread Basket of India", Indian Punjab produces 1% of the world's rice, 2% of its wheat, and 2% of its cotton. In 2001, it was recorded that farmers made up 39% of Indian Punjab's workforce.
Read more about this topic: Punjab Region
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)