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The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 119th by GDP (PPP). [58]
Only three Sinhala books survive from the Anuradhapura period. One of them, Siyabaslakara , was written in the 9th or 10th century on the art of poetry and is based on the Sanskrit Kavyadarsha . Dampiya Atuva Gatapadaya is another, and is a glossary for the Pali Dhammapadatthakatha , providing Sinhala words and synonyms for Pali words.
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
Although ancient India had a significant urban population, much of India's population resided in villages, whose economies were largely isolated and self-sustaining. [citation needed] Agriculture was the predominant occupation and satisfied a village's food requirements while providing raw materials for hand-based industries such as textile, food processing and crafts.
After the 15th century, however, the economy became diversified and commercialized as it became incorporated into the expanding Indian Ocean. Ibn Batuta , during his visit in 1344, observed that the kingdom of Jaffna was a major trading kingdom with extensive overseas contacts, who described that the kingdom had a "considerable forces by the ...
Economic effects of irrigation: report of a survey of the direct and indirect benefits of the Godavari and Pravara canals. Gokhale Institute of Politics and Economics. p. 183. D. R. Gadgil (1979). Planning and economic policy in India. Sangam Books. p. 426. ISBN 978-0861253838. Sulabha Brahme, ed. (2011).
Daniel Thorner (1915–1974) was an American-born economist known for his work on agricultural economics and Indian economic history. [1] [2] He is known for the application of historical and contemporary economic analysis on policy and influenced agricultural policy in India in the 1950s through his association with the Planning Commission.