explain the features of developing countries with special reference to india
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Answer:
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Salient Features of IndianEconomy. Indian economy is termed as the developingeconomy of the world. Somefeatures like low per capita income, higher population below poverty line, poorinfrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developingeconomy in the world.
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Answer:
MAIN FEATURES OF INDIAN ECONOMY :
multi structural nature of the economy with various forms of ownership, including archaic (tribal, communal);
specialization in the international division of labor mainly in the production of raw materials;
significant dependence on foreign capital;
the influence of traditional institutions in the economy;
the high population growth, poverty, and unemployment rates.