Economics of India
50 Years of Independence ; 5000 Years of History The Republic of India possesses tremendous contrasts and enormous ethnic, linguistic and cultural diversity. Since independence in 1947, the Indian civilization has expanded in every facet - from its increasing population to its to its intertwining cultural and social systems. There are over 1600 languages, nearly 400 of them are spoken by more than 200, 000 people. Ethnically, the country is comprised of mostly of Indo-Aryans and Dravidians while Hindus are the majority in the religious groups. The distinguishing characteristic of India is that is unofficially uses the caste system to differentiate between socio-economic classes and to prevent a fusion of various groups. Like the US , India is a democratic republic with a federal form of government. Geographically, India lies east of Pakistan, west of Bangladesh, south of China, and north of the island-country of Sri Lanka. India's population is the world's second largest continues to grow at a rate faster than that of China, threatening to overtake it in the next century.
India exports goods worth US$ 23 trillion. The states' chief ministers are responsible to the legislatures in the same way the PM is to the national parliament. Over thousands of years of its history, India has been invaded from the Iranian plateau, Central Asia, and the West. Conversely, as land warms in early summer, temperatures in most of Southern Asia become unbearably hot until the monsoon season re-commences in June. The earlier mentioned feud between Hindus and Muslims led the British to partition India , creating east and West Pakistan, where there were Moslem majorities. The first British outpost in South Asia was established in 1619, at Surat, Gujarat and the British went on to establish posts at Calcutta, Madras, and Bombay, each under the protection of native rulers. The monsoon rains yearly help keep India from being a desert . This influence would later lead to a sense of rivalry between the two. At the state level, some of the legislatures are bicameral, patterned after the two houses of the national parliament. India's bicameral parliament consists of the Rajya Sabha ( Council of States ) and the Lok Sabha ( House of the People). This monsoon environment brings down heavy downpours of rain in summer months to much of the Indian subcontinent and sometimes of the year, hardly any rain. Although the 1947 Congress abolished the caste system , is still significant to Indians. The southern Ganges Plains include the most important rivers - the Holy Ganges and the Brahmaputra. In the millions of villages across Southern Asia, access to water is a continuing effort to manage the environment and provide communities with a continuing supply of food. Through economic reforms, that have been preceded by political reforms, there is evidence that the country shows a great potential for growth and advancement.
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