Question

Discuss the basic characteristics of indian economy

Answer 1

Low per capita income: ...

Excessive dependence of agriculture and primary producing: ...

High rate of population growth: ...

Existence of chronic unemployment and under-employment: ...

Poor rate of capital formation:



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Answer 2

1. Low per capita income

2. Heavy Population Pressure

3. Pre-dominance of Agriculture

4. Unemployment

5. Low Rate of Capital Formation

6. Poor Technology

7. Back ward Institutional and social frame work

8. Under utilization of Resources

9. Price instability