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Economy

The Deccan plateau is very rich in minerals and precious stones. The plateau's mineral wealth led many lowland rulers, including those of the Mauryan (4th–2nd century BCE) and Gupta (4th–6th century CE) dynasties, to fight over it. Major minerals found here include coal, iron ore, asbestos, chromite, mica, and kyanite. Since March 2011, large deposits of uranium have been discovered in the Tummalapalle belt and in the Bhima basin at Gogi in Karnataka. The Tummalapalle belt uranium reserve promises to be one of the top 20 uranium reserve discoveries of the world.

Low rainfall made farming difficult until the introduction of irrigation. Currently, the area under cultivation is quite low, ranging from 60% in Maharashtra to about 10% in Western Ghats. Except in developed areas of certain river valleys, double-cropping is rare. Rice is the predominant crop in high-rainfall areas and sorghum in low-rainfall areas. Other crops of significance include cotton, tobacco, oilseeds, and sugar cane. Coffee, tea, coconuts, areca, black pepper, rubber, cashew nuts, cassava, and cardamom are widely grown on plantations in the Nilgiri Hills and on the western slopes of the Western Ghats. Cultivation of Jatropha has recently received more attention due to the Jatropha incentives in India.