Question

Explain Indian Economy.​

Answer 1

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 (PPP). ... Nearly 60% of India's GDP is driven by domestic private consumption and continues to remain the world's sixth-largest consumer market.

Answer 2

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 (PPP). ... Nearly 60% of India's GDP is driven by domestic private consumption and continues to remain the world's sixth-largest consumer market.