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ECONOMIC TRENDS
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INTRODUCTION
THE PRECEDING CHAPTERS IN THIS VOLUME RELATING TO agriculture, industries, finance, trade and commerce, transport and miscellaneous occupations describe the economy of the district in its historical as well as structural aspects. The various sectors of the economic life of the district are described so as to present a realistic picture. In the course of the presentation of facts some references are made to various developmental projects and plan programmes. However, no attempt is made towards evaluation of the projects and events. Deduction of analytical conclusions is also not attempted.
The present chapter proposes to analyse the economic trends in the district pertaining to the various aspects of economic life. The chapter analyses the trends in agriculture, industries, trade, banking, prices, wages, employment, etc., as reflected in the standard of living enjoyed by different levels of income-groups. The chapter is divided into two sections.
A study of economic trends is important because the economic life in a developing economy, geared up by the five-year plans, undergoes momentous changes. An evaluation of these changes serves as a guideline for future planning. At the same time it is interesting to analyse the results of the active
utilisation of the available resources best reflected in the standard of living of the people. The standard of living depends upon a number of factors. As the gross national product is shared by the entire population of the nation, optimum utilisation of the existing factors of production in relation to the total population determines the standard of living of the people. It is best reflected in the size and pattern of income and expenditure of an individual family.
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