Indian Economy

Some Noteworthy Facts

By Examguru / 29 Sep, 2023 / Download PDF

Some Noteworthy Facts

  • In the production of vegetables, India is on the second* position (after China).
  • India is on the first position in the production of milk.
  • The highest producer of milk in India is Uttar Pradesh*
  • India is the third* largest producer of Tobacco. The largest producer and consumer of tobacco is China.
  • The position of India is first as a producer of pulses.
  • First Hydel Power Plant in India was started in Darjiling.
  • First postal stamp was launched in India in 1852.
  • The Money Order System in India was launched in 1880.
  • Maharashtra is the 1st state which accorded the status of Industry to agriculture in 1997.
  • The 'Big Push Theory' has been given by R. Rodan.
  • Alfred Marshal propounded the 'Principle of consumer surplus'.
  • Central Agmark Laboratory is in Nagpur.
  • First Cotton Industry of the country was established in Kolkata in 1818 and the second by Kovas Jee Nana Bhai in Mumbai in 1853.
  • Sindri Fertilizer Factory, Chittaranjan Locomotives, Indian Telephone Industry, Integral Coach Factor), Penciline Factory, Indian Telephone Industry were all established during first Five Year Plan.

More Related Articles

Indian Economy Report 2024

Highlights of the Indian Economy National Statistical Office (NSO) Report According to the Press Note released by the National Statistical Office (NSO) on 29th February, 2024 Ministry Acco

examguru by ExamGuru

Economic Growth & Economics

Economy It is the state of a country or region in terms of the production and consumption of goods and services and the supply of money. Types of Economy Depending upon the dominant view

examguru by ExamGuru

Characteristics of Indian Economy

Main characteristics and various aspects of the Indian Economy are: Key Features and Aspects of the Indian Economy 1. Agrarian Economy Even after seven decades of independence, agri

examguru by ExamGuru

Economic Planning and Development (1950–2017)

Introduction Economic Planning is the process by which the limited natural resources are used skillfully to achieve the desired goals. The concept of Economic Planning in India is derived from

examguru by ExamGuru

Indian Fiscal System

Fiscal System It refers to the management of revenue and capital expenditure finances by the state. Hence, the fiscal system includes budgetary activities of the government, tha

examguru by ExamGuru

Money, Banking and Insurance in India

The Reserve Bank of India was established on 1st April, 1935 and it was nationalized on 1st January, 1949. The Finance Ministry issues Currency Notes and Coins of rupee one, all other Currency No

examguru by ExamGuru

Tax System

A compulsory contribution given by a citizen or organisation to the Government is called Tax, which is used for meeting expenses on welfare work. Tax imposing and Tax collecting is at three level

examguru by ExamGuru

Industry

India started her quest for industrial development after independence in 1947. The Industrial Policy Resolution of 1948 marked the beginning of the evolution of the Indian Industrial Policy. In

examguru by ExamGuru

Industrial Performance

The Index of Industrial Production (IIP), measuring industrial performance monitors production in manufacturing, mining and electricity sectors and also in use-based groups such as primary goods, c

examguru by ExamGuru

India's Foreign Trade Transformed Since 1947

India’s foreign trade underwent a major transformation after independence. Shifting away from externally controlled patterns, the country began focusing on building its industrial base a

examguru by ExamGuru

Toppers

anil kumar
Akshay kuamr
geeta kumari
shubham