definition of Indian economy and explain its area
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- THE INDIAN ECONOMY = The Economy of India is the tenth-largest in the world by nominal GDP and the third- largest by purchasing power parity (PPP). The country is one of the G-20 major economies, a member of BRICS and a developing economy among the top 20 global traders according to the WTO. CIRCULAR FLOW OF INCOME.
- The economy of India is a developing mixed economy. It is the world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). ... This is the fastest-growing part of the economy. The IT industry continues to be the largest private-sector employer in India.
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