Rajasthan is famous for mining gypsum. The state hosts significant deposits of this mineral, which is primarily used in the production of cement and plaster. Rajasthan’s extensive mining operations contribute to its economy, making it one of the leading gypsum producers in India. Additionally, Rajasthan is also known for other minerals like marble, sandstone, feldspar, and mica.

The main agricultural product of Rajasthan is wheat, which is a staple food crop in the region. Rajasthan is known for its arid climate and variable rainfall, but through irrigation and modern farming techniques, wheat farming has become prominent. Other important crops include barley, maize, and various pulses, along with a significant emphasis on livestock farming. The state also produces oilseeds and spices, contributing to its agricultural diversity.

Tourism is a key sector contributing significantly to the state's economy due to the presence of pilgrimage sites and scenic hill stations.

Uttarakhand's geography provides ideal conditions for hydropower generation, which forms a key part of its economy. Major hydroelectric projects like Tehri Dam are located here.

Tourism plays a significant role in the state's economy, thanks to its religious, adventure, and natural attractions.

The movement from an agrarian-based economy to a manufacturing and the service-based economy shows that, a country is moving from a less developed phase to a developing and developed phase.

The Economic Survey of India is the flagship annual document of the Finance Ministry. The Department of economic affairs, Ministry of Finance presents the Survey in the parliament every year, just before the Union Budget. It is prepared under the guidance of the Chief economic advisor of India. This document is presented to both Houses of Parliament during the Budget session.

The GDP deflator measures price inflation in an economy.It measures the changes in prices for all of the goods and services produced in an economy. The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.

The Factors of production are the inputs available to supply goods and services in an economy. They are Land, Labour, Capital and Enterprise.

Tax is the cost imposed by the government over goods and services in an economy to generate revenue for the government for its expenditure. This includes capital as well as revenue expenditure.

Market equilibrium is defined by equality between quantity demanded and quantity supplied in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.

In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.

The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline.

Price Elasticity is the measure of the degree of responsiveness of demand for a commodity to change in its price. That means the low price elasticity is demand doesn’t change with the price. These are the necessary goods.

Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area’s total income by its total population