Economy
The historical region of Punjab is considered to be one of the most fertile regions on Earth. Both east and west Punjab produce a relatively high proportion of India and Pakistan's food output, respectively. The agricultural output of the Punjab region in Pakistan contributes significantly to Pakistan's GDP. The region is important for wheat growing. In addition, rice, cotton, sugarcane, fruit and vegetables are also major crops. Both Indian and Pakistani Punjab are considered to have the best infrastructure of their respective countries. The Indian Punjab has been estimated to be the second richest state in India. The Pakistani Punjab produces 68% of Pakistan's food grain production. Its share of Pakistan's GDP has historically ranged from 51.8% to 54.7%.
Called "The Granary of India" or "The Bread Basket of India", Indian Punjab produces 1% of the world's rice, 2% of its wheat, and 2% of its cotton. In 2001, it was recorded that farmers made up 39% of Indian Punjab's workforce.
Read more about this topic: Punjab Region
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)
“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)
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—Henry David Thoreau (1817–1862)