Fast Facts about India

Below are the list of some of the important and useful fast facts and information about India.

  • According to the World Bank, on the basis of purchasing power party, the economy of India is the fourth last economy in the world.
  • In the production of vegetables, India is on second position (after china).India is on first position in production of milk.
  • The highest producer of milk in India is Uttar Pradesh.
  • India is the third largest producer of Tobacco. But the largest producer and consumer of tobacco is China.
  • Four industries which have been reserved for public sector are Arms and Ammunition, Atomic Energy, Rail Transportation and Minerals.
  • The position of India is first as producer of pulses.
  • The Centre receives maximum net revenue through excise duty.
  • First in Hydel Power plant in India was started in Darjiling.
  • The money order system in India was launched in 1880.
  • First postal stamp was launch in India in 1852.
  • Maharastra is the first state which accorded the status of industry to agriculture in1997. According to the World Bank, per person property in India is $ 25 thousand.
  • The “Big push theory” has been given by R.Rodan. Alferd marshal propounded the “principles of consumer surplus”. Central Agmark Laboratory is in Nagpur.
  • First cotton industry of the country was established in kolkata in1818 and the second by Kovasjee Nana Bhai in Mumbai in 1853.
  • The largest number of cooperative institutions is in India.
  • Unorgaised sectors are creating more employment than organised sector in India.
  • The share of groundnut is the highest in the production of soil seeds.
  • Three cities have India more than 1 Crore population Mumbai Kolkata and Delhi. Urbainsation is highest in Goa in India.
  • Asian development bank was established in 1966. (Head office Manila) The share of India in world trade of spices is 40%.
  • The social accounting method of estimating national income was developed by Richard stone.
  • TRIFED is National Agricultural co-operative marketing development federation of India LTD. Established by government in 1987 to benefit small tribal farmers.
  • NAFEED is National Agricultural co-operative marketing development federation of India LTD. Established for marketing the Agricultural products.
  • Textile industry exports account for about 24.46% of India’s Total export oriental industrial units will get automatic sanction of foreign equity investment up to 51%.
  • In 1993 FERA (Foreign exchange regulation act 1973) was replaced by FEMA (Foreign exchange management act).
  • Textile industry has the largest contribution of 20% in India’s total industrial production. Small industries have been completely relaxed from licensing.
  • Since 2002’prince of all petroleum products are market determined kerosene and domestic LPG is supplied as subsided rates to target groups.
Read Also:  Railway Ministers of India

Fast Facts about India
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