Question

Describe the salient features of indian economy

Answer 1

1) From a shortage economy of food and foreign exchange , India has now become a surplus one .

2) From an agro based economy it has emerged as a service oriented one .

3) From the low-growth of the past , the economy has become a high -growth one in the long-term .

4) After having been an aid recipient , India has now joined the aid givers club . India has become a net creditor to IMF , since July 2003 .

5) Although India was late and slow modernization of Industry in general in the past , it is now a front -runner in the emerging knowledge based new Economy .

Answer 2

The following points highlight the silent features of the Indian economy.

Low per ca-pita earnings.

Extreme interdependence of cultivation and primitive producers.

The tremendous speed of population growth.

The permanence of persistent unemployment and under-employment.

The lower rate of capital accumulation.