Indian Economy Statistics

On the eve of independence, approximately 70-75% of the Indian population was dependent on the agricultural sector for their livelihood.

Historical data regarding the occupational structure on the eve of independence indicates that the tertiary sector employed a relatively small portion of the workforce, consistent with the figure provided.

During the British colonial rule, the British government maintained a monopoly over India's foreign trade, directing more than 50 percent of it toward Britain.

V.K.R.V. Rao's estimates of national and per capita income are widely considered the most significant and reliable among the various attempts made during the colonial period.

At the time of independence, the vast majority of the Indian population was dependent on agriculture for their livelihood, making it an agrarian economy.

During the first half of the 20th century, the growth rate of per capita income in India was very low, estimated at approximately 0.5 percent.

A trade deficit occurs when a country's imports exceed its exports. India has historically maintained a trade deficit due to its reliance on imports for energy and technology.

ICOR stands for Incremental capital output ratio. It is measured by the following formula.

In India total forest cover in 2001 was just 20.55% of the total geographical area. Forests covered an area of 675,538 km2. According to 2015 statistics, total forest cover has grown in the country (21.34%).

Rajasthan ia a mineral - rich state and has a diversification economy having agriculture, mining and tourism as its main engines of growth.

As of 2019, India held the 11th position in the global gold reserve rankings among central banks.

The share of concessional debt in total external debt of India had reduced to $18\%$ in June $2011$.

• Handicrafts are nothing but the handmade artisanry. India is very famous for this art. Different types of handicrafts include Bamboo Handicrafts, Cane Handicrafts, Bell Metal Handicrafts, Bone and Horn Handicrafts, Brass Handicrafts, Clay Handicrafts or Pottery, Dhokra Handicrafts, Jute Handicrafts, Paper Handicrafts, Rock Handicrafts, Weaving or Embroidery Handicrafts, etc. 
  
• It contributes to a major foreign exchange.
  
• In 2014–15, Indian handicrafts exports stood at US$ 4.5 billion, approximately.
  
• Export Promotion Council for Handicrafts (EPCH) is the apex government body and operates under the administrative control of the Ministry of Textiles, Government of India.
  

Industrial units employ about One-fifth of India's 460 million workers today.