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The peninsular plateau of India has a great economic significance. Justify.

Answer
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Hint: The peninsular plateau of India is also known as Deccan Plateau of India which is surrounded by Arabian Sea, Indian Ocean and Bay of Bengal.

Complete Step by Step answer: The great peninsula of India, also known as Madhya Bharat Pathar, is highly rich in the minerals such as iron ore, magnesium, bauxite, mica, coal, etc. It is composed of black soil which is highly rich in the presence of iron, sulphate, potassium in the soil. These types of soils are very beneficial for the production of cotton. Thus, India is also known for its largest production of cotton in the world. Maharashtra is leading producer of cotton followed by Gujarat. Odisha is the leading producer of iron ore in India. Hematite and magnetite, which is considered to be the best quality of iron ore is found in the state of Jharkhand. Besides, Magnesium is a leading producer of magnesium ore in India followed by Maharashtra and Odisha. Besides, Ghats are the big sources of timber, wood etc. Indian Peninsula is covered by Arabian Sea from west, Bay Of Bengal from east and Indian ocean from south. Western Ghats is located at the western side of Indian peninsula whereas Eastern Ghats is located at the eastern side of Indian peninsula. Western Ghats mountain range of south-west India is one most biodiversity rich landscape in the world.

Note: Remember the economic significance of peninsular plateau of India in terms of different domains like soil, minerals, crops, vegetation and location etc.