North India - Economy

Economy

Further information: Economy of India

Once predominantly agrarian, the economic landscape is changing fast with rapid economic growth that has ranged above 8% annually. Several parts of North India have prospered as a consequence of the Green Revolution, including Punjab, Haryana and Western Uttar Pradesh, and experienced both economic and social development. The eastern areas of East Uttar Pradesh and Bihar, however, have lagged and the resulting disparity has, in the case of Uttar Pradesh, contributed to a demand for separate statehood in West Uttar Pradesh (the Harit Pradesh movement). Bihar has the lowest per-capita SDP.

The highest per capita income states in North India include Haryana, Himachal Pradesh, Punjab and Uttarakhand and union territories of Delhi and Chandigarh. Reflecting the prosperity of the western part of North India, Chandigarh has the highest per-capita State Domestic Product (SDP) of any Indian state or union territory, while Delhi, Punjab and Haryana rank second, third and fourth (after Goa) among the states (see main article: States of India by size of economy).

Read more about this topic:  North India

Famous quotes containing the word economy:

    “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)

    “Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
    —Henry David Thoreau (1817–1862)

    “Everyone is always in favour of general economy and particular expenditure.”
    —Anthony, Sir Eden (1897–1977)