Economic Situation
The districts that comprise the Red Corridor are among the poorest in the country. Areas such as Uttar Pradesh, Chattisgarh state and the Telengana region of Andhra Pradesh, are either impoverished or have significant economic inequality, or both.
A key characteristic of this region is non-diversified economies that are solely primary sector based. Agriculture, sometimes supplemented with mining or forestry, is the mainstay of the economy, which is often unable to support rapid increases in population. The region has significant natural resources, including mineral, forestry and potential hydroelectric generation capacity. Orissa, for example, "has 60 percent of India’s bauxite reserves, 25 percent of coal, 28 percent of iron ore, 92 percent of nickel and 28 percent of manganese reserves."
Read more about this topic: Red Corridor
Famous quotes containing the words economic and/or situation:
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)
“Fortune, which has a great deal of power in other matters but especially in war, can bring about great changes in a situation through very slight forces.”
—Julius Caesar [Gaius Julius Caesar] (100–44 B.C.)