Economy
Further information: Economy of IndiaOnce 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:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)