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===General overview===

===General overview===

 

India's population is estimated at more than 1.1 billion and is growing at 1.3% a year. It has the world's 12th largest economy--and the third largest in [[Asia]] behind [[Japan]] and [[China]]--with total [[GDP]] of around $1 trillion ($1,000 billion). Services, industry, and [[agriculture]] account for 55%, 27%, and 18% of GDP respectively. Nearly two-thirds of the population depends on agriculture for its livelihood. 700 million Indians live on $2 per day or less, but there is a large and growing [[middle class]] of 325-350 million with disposable income for consumer goods.  

India's population is estimated at more than 1.1 billion and is growing at 1.3% a year. It has the world's 12th largest economy--and the third largest in [[Asia]] behind [[Japan]] and [[China]]--with total [[GDP]] of around $1 trillion ($1,000 billion). Services, industry, and [[agriculture]] account for 55%, 27%, and 18% of GDP respectively. Nearly two-thirds of the population depends on agriculture for its livelihood. 700 million Indians live on $2 per day or less, but there is a large and growing [[middle class]] of 325-350 million with disposable income for consumer goods.  

India's external debt was $155 billion in 2006-2007, up from $126 billion in 2005-2006. Foreign assistance was approximately $3 billion in 2006-2007, with the United States providing about $126 million in development assistance. The [[World Bank]] plans to double aid to India to almost $3 billion a year, with focus on infrastructure, education, health, and rural livelihoods.  

India's external debt was $155 billion in 2006-2007, up from $126 billion in 2005-2006. Foreign assistance was approximately $3 billion in 2006-2007, with the United States providing about $126 million in development assistance. The [[World Bank]] plans to double aid to India to almost $3 billion a year, with focus on infrastructure, education, health, and rural livelihoods.  

===Agriculture===

===Agriculture===

[[Image:Krishna a la flute.gif|right|120px]]

[[Image:Varma Lady Carrying Fruits.jpg|thumb|Lady Carrying Fruits by Ravi Varma.]]

India has a cultivated area of 138 million hectares which almost equals that of the [[European Union]]. A lot of the land has good agriculture potential especially where water supplies are available. Arable farming, especially cereals is the main kind of farming. India, which has two thirds of its working population relying on the land to earn a living, desperately needs to improve agriculture production in order to develop its economy.  

India has a cultivated area of 138 million hectares which almost equals that of the [[European Union]]. A lot of the land has good agriculture potential especially where water supplies are available. Arable farming, especially cereals is the main kind of farming. India, which has two thirds of its working population relying on the land to earn a living, desperately needs to improve agriculture production in order to develop its economy.  

===Recent History===

===Recent History===

 

While campaigning in Tamil Nadu on behalf of Congress (I), Rajiv Gandhi was assassinated on May 27, 1991, apparently by Tamil extremists from Sri Lanka, unhappy with India's armed intervention to try to stop the civil war there. In the elections, Congress (I) won 213 parliamentary seats and returned to power at the head of a coalition, under the leadership of P.V. Narasimha Rao. This Congress-led government, which served a full 5-year term, initiated a gradual process of economic liberalization and reform, which opened the Indian economy to global trade and investment. India's domestic politics also took new shape, as the nationalist appeal of the Congress Party gave way to traditional caste, creed, regional, and ethnic alignments, leading to the founding of a plethora of small, regionally based political parties.  

While campaigning in Tamil Nadu on behalf of Congress (I), Rajiv Gandhi was assassinated on May 27, 1991, apparently by Tamil extremists from Sri Lanka, unhappy with India's armed intervention to try to stop the civil war there. In the elections, Congress (I) won 213 parliamentary seats and returned to power at the head of a coalition, under the leadership of P.V. Narasimha Rao. This Congress-led government, which served a full 5-year term, initiated a gradual process of economic liberalization and reform, which opened the Indian economy to global trade and investment. India's domestic politics also took new shape, as the nationalist appeal of the Congress Party gave way to traditional caste, creed, regional, and ethnic alignments, leading to the founding of a plethora of small, regionally based political parties.