ECONOMY
"That
economics is untrue which ignores or disregards moral values."
- M.K. Gandhi
The forestlands in India cover about 23 percent of the total land area. Commercial forestry is largely restricted to the northern highlands, Assam, and the regions bordering on the Himalayas. By-products such as charcoal, fruits and nuts, fibers, oils, gums, and resins are among the most valuable commodities. The annual timber harvest was 279.8 million cu m (9.9 billion cu ft) in the early 1990s. Although largely undeveloped on a national scale, fishing remains vital in certain regions, such as the Ganges delta in Bengal and along the southwestern coast. In recent years the government has been encouraging deep-sea fishing by constructing processing plants and underwriting oceangoing fleets and vessels. In the early 1990s the country's annual catch totaled some 4.2 million metric tons, about 59 percent of which was made up of marine species.
Forestry & Fishing