Question

Answer the following questions in 25 to 30 words. What are the characteristics of the Indian economy?

Answer 1

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These characteristics of Indian economy are:

➡️High rates of growth per capita output and population.

➡️High rates of increase in total factor of productivity (TFP) i.e. the output per unit of all inputs.

➡️High rates of structural transformation of the economy.

Answer 2

Answer:

1. Low per capita income .

2. Excessive dependence of agriculture and primary producing.

Explanation:

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