Economy
The region generates 24.00% of the national GDP of the country, with an annual growth rate of 14.5% as of 2006. The states generate about 23% of the tax revenues of the country. More than 85% of the households have access to electricity with about 55% owning a television. Agriculture employs most people in the region, while services have largest share in the total GDP.
| Economic and demographic indicators | ||
|---|---|---|
| Parameter | West India | National |
| Per capita net state domestic product (SDP) | 122,569 (US$2,230.76) | 73,500 (US$1,337.7) |
| Percentage share in total | 24 | NA |
| Average annual growth of GDP | 13.66 | 8.5 |
| Percentage of population below poverty line | 8.66 | 26.10 |
| Percentage of urban population | 46.75 | 31.16 |
| Percentage of households with electricity | 93.6 | 67.3 |
| Literacy rate | 83.2 | 74.04 |
Read more about this topic: West India
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)