Five positive impact of indian government on its economy
Answers
Explanation:
The economy of India is a developing mixed economy. It is the world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).India topped the World Bank's growth outlook for the first time in fiscal year 2015–16, during which the economy grew 7.6%.
It is the service sector which is the main source of national income. Therefore service sector contribute more than 50% of the GDP. But it is the agricultural sector which employs more than 50% of the population. In that sense, more number of people in India are supported by agriculture.
Answer:
It will have a positive impact on the Indian economy because privatisation involves greater market force, ensures higher competition, reduces the role of the state in the economic sphere and thus brings in greater private involvement into government activities.It will generate huge employment in the country which in turn will improve the economic standards