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:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
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“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
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