ECONOMY
"That
economics is untrue which ignores or disregards moral values."
- M.K. Gandhi
The manufacture of textiles, particularly the weaving of cotton fabrics, most used domestically, is the leading manufacturing industry of India. The yearly output of cotton cloth was about 12.8 billion m (about 42 billion ft). The manufacture of jute products (1.1 million metric tons) ranks next in importance to cotton weaving. The iron-and-steel industry was greatly expanded in the 1950s, and by the early 1990s finished steel production had climbed to about 12.3 million metric tons annually. The output of the steel industry, although hampered by a shortage of power and coal, is competitive in world markets. Other important sectors of manufacturing include processing of agricultural products, including sugar refining, tea, rice, and vegetable oil processing, flour milling, and tobacco production; machinery, including electrical and electronic equipment; transportation equipment, primarily road vehicles and railroad equipment; nonferrous metals, particularly aluminum and brass; fertilizer; refined petroleum; chemicals; and computer software. Renowned high-quality handmade products include wood carvings, pottery, and brass, copper, and silver objects.
Manufacturing