Question

c) Demonstrate with the help of statistics how the preference of policy makers for Soviet-

style economic policies prevented India’s economic growth.​

Answer 1

The economy of India is characterised as a developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the IMF, on a per capita income basis, India ranked 142nd by GDP (nominal) and 124th by GDP (PPP) in 2020.

mark !❤️!