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:
“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)
“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)
“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)