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:
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—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)