Question

characteristics of Indian economy​

Answer 1

Answer:

The economy of India is characterised as a developing market economy. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to the IMF, on a per capita income basis, India ranked 139th by GDP and 118th by GDP in 2018.

Answer 2

Hey,

Some of the characteristics are:

1. Low per capita income

2. Excessive dependence of agriculture and primary producing

3. High rate of population growth

4. Existence of chronic unemployment and under-employment

5. Poor rate of capital formation

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