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:
“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)