Indian Economy Overview Quiz

Overview: India is one of the world's largest economies, characterized as a mixed economy with agriculture, manufacturing, and services.
GDP: As of 2023, India's GDP ranks among the top five globally.
Agriculture:
- Contributes approximately 16% to GDP.
- Major crops: rice, wheat, pulses, and cotton.
- Employment: Engages nearly 42% of the workforce.
Manufacturing:
- Contributes around 17% to GDP.
- Key sectors: textiles, chemicals, automotive, and pharmaceuticals.
- Initiatives like "Make in India" aim to boost manufacturing.
Services:
- Largest sector, contributing about 55% to GDP.
- Dominated by IT, telecommunications, finance, and tourism.
Trade:
- Major exports: textiles, jewelry, software, and agricultural products.
- Major import partners: China, the USA, and the UAE.
Challenges:
- Income inequality, unemployment, and infrastructure deficits.
- Environmental issues: pollution and resource depletion.

Ancient India:
- Indus Valley Civilization (c. 2500-1900 BCE): One of the world's earliest urban cultures.
- Vedic Period (c. 1500-500 BCE): Development of Hinduism and social hierarchy (varna system).
Classical Period:
- Maurya Empire (c. 322-185 BCE): First large-scale empire; notable ruler Ashoka promoted Buddhism.
- Gupta Empire (c. 320-550 CE): Golden Age of India; advancements in science, mathematics, and art.
Medieval India:
- Rise of regional kingdoms; prominent dynasties include Chola, Rajput, and Mughal.
- Mughal Empire (1526-1857): Cultural and architectural advancements; notable emperors include Akbar and Shah Jahan.
Colonial Era:
- British East India Company established control in the 18th century; led to the British Raj (1858-1947).
- Major events: Revolt of 1857, Indian National Congress formation (1885), and the struggle for independence.
Independence and Partition (1947):
- India gained independence from British rule on August 15, 1947.
- Partition led to the creation of Pakistan and significant communal violence.
Post-Independence:
- Adoption of a democratic constitution in 1950.
- Economic liberalization began in the 1990s, leading to rapid growth.

India is classified as a mixed economy, combining agriculture, manufacturing, and services.
The country's GDP ranks among the top five globally as of 2023.
Agriculture accounts for about 16% of GDP and employs nearly 42% of the workforce, with rice, wheat, pulses, and cotton as major crops.
Manufacturing contributes roughly 17% to GDP; key sectors include textiles, chemicals, automotive, and pharmaceuticals, with initiatives like "Make in India" designed to enhance this sector.
The services sector is the largest, contributing approximately 55% to GDP, primarily driven by IT, telecommunications, finance, and tourism.
Major exports include textiles, jewelry, software, and agricultural products, while significant import partners are China, the USA, and the UAE.
Economic challenges involve income inequality, unemployment, inadequate infrastructure, and environmental issues such as pollution and resource depletion.

Ancient India featured the Indus Valley Civilization (c. 2500-1900 BCE), one of the earliest urban cultures, and the Vedic Period (c. 1500-500 BCE), which saw the rise of Hinduism and the varna system.
The Classical Period included the Maurya Empire (c. 322-185 BCE), marked by Emperor Ashoka’s promotion of Buddhism, and the Gupta Empire (c. 320-550 CE), recognized as India's Golden Age due to advancements in science, mathematics, and the arts.
Medieval India was characterized by the emergence of regional kingdoms, including the Chola, Rajput, and Mughal dynasties, with the Mughal Empire (1526-1857) noted for its cultural and architectural achievements under emperors like Akbar and Shah Jahan.
During the Colonial Era, the British East India Company established control in the 18th century, which led to the British Raj (1858-1947). Key events included the Revolt of 1857, the formation of the Indian National Congress in 1885, and the protracted struggle for independence.
Independence from British rule was achieved on August 15, 1947, but the partition of the country into India and Pakistan resulted in significant communal violence.
After independence, India adopted a democratic constitution in 1950 and initiated economic liberalization in the 1990s, facilitating rapid economic growth.