Question

Analyse the developing character of the Indian economy.​

Answer 1

developing character of an Indian economy

we know that India is a developing country belonging to the lower middle income group.

according to international monetary fund report in France 70 India's PCI was done in 1983 and was ranked 140 out of 188 countries for the according to the World bank report in 2017 India species was 1940 and was 9 138 out of 184 countries therefore we can conclude that the per capita income of Indian President is lower than most countries in the world what are the fundamental character of India as a developing country is that it is a measure to primary producing however in 2011-12 the contribution of agriculture to the national income was only 13.9% this disparity is slowing India's progress the reason behind this difference is that agriculture is a low income earning sector also productivity for a person engaged in agriculture is very low it is simple equation underdeveloped countries have millions of illiterate citizens also electricity cards growth since an individual needs a minimum level of education to acquire skills and all the understand social issues

the basic characteristics of India as a developing economy are :

1. lower per capita
2. occupational pattern primary products
3. heavy population pressure
4. p prevalence of chronic unemployment and underemployment
5. need for std improvement in the rate of capital formation
6. low level of living of an average Indian
7. demographic characteristics of an underdeveloped country

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Answer 2

The important characteristics of the Indian Economy_

•The per capital income is low

•It's dependent on primary producing and agriculture

•The rate of population growth is increasing

•Unemployment at its peak

•Wealth is not equally distributed among the masses

•Poor quality of Human Capital

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