Question

describe the characteristics or features of Indian economy​

Answer 1

Answer:

Indian economy is characterised by too much dependence on agriculture and thus it is primary producing. Out of the total working population of our country, a very high proportion of it is engaged in agriculture and allied activities, which contributed a large share in the national income of our country.

Answer 2

The Indian economy is generally a mixed economy having various features discussed below.

Explanation:

1. The Indian economy is entirely based on agriculture.
2. One of the most pressing economic issues in India is overpopulation.
3. The convergence of abundance is the most concerning aspect of the Indian economy. Lower levels of pay or income are inextricably linked to the rate of capital development.
4. Indian markets are defective or imperfect in nature because they lack portability, mobility, or movement from one location to the next, allowing for the most efficient use of assets. As a result, price fluctuations occur.
5. In India, poverty traps or endless loops of neediness are common.
6. The creation of work in India is labor-intensive by nature. There is a dearth of modern machinery and innovations.