Question

At present, India is growing or developing or both. Give answer by stating reasons ​

Answer 1

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Both

India is the only major economy forecast to grow in double digits next year and forecast to follow that up with the highest 6.8% rise in the FY23 fiscal. Policy support and vaccines are expected to lift economic activity across the world, the IMF said in its World Economic Outlook (WEO) update on T

This is because in several indicators of development, such as per capita income, poverty, undernourishment, hunger, farm employment and adoption of B2C e-commerce, India still lags even some of these developing nations.

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Answer 2

Answer

One of the fundamental characteristics of India as a developing economy is that it is majorly primary producing. ... This disparity is slowing India's progress. The reason behind this difference is that agriculture is a low income earning sector. Also, productivity per person engaged in agriculture is very low.

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