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India's Economic Policy
Start of Term Paper
Since independence the Indian government has attempted to pursue a mixed economic policy with features of both a free market and socialist planning. Major industries such as railroads, automobile manufacturing, and banking are government run. .... Middle of Term Paper
... many of India's gains have been absorbed by the increasing population.
Under British rule, industrial growth in India was inhibited. Since independence, however, the country has achieved near industrial self-sufficiency. Today India produces most of its own chemicals, automobiles, steel, textiles, and even computers and television sets. Steel production has more than doubled since 1960. India is self-sufficient in iron and coal but is heavily dependent on foreign oil.
India's chief energy sources are coal (26%), petroleum (49%), and electricity (25%). Some 156 billion kw of electricity were generated in 1987, which still far sho ... |
| Number of Words: 402 |
Approximate Pages: 2 |
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