Question

ii) What kind of is Indian economy?​

Answer 1

Answer:

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). According to the IMF, on a per capita income basis, India ranked 139th by GDP (nominal) and 118th by GDP (PPP) in 2018.

GDP by component: : Household consumption: 59.1%; Government consumption: 1...

GDP by sector: Agriculture: 15.4%; Industry: 23%; Services: 61.5%; (2017 est.);

GDP growth: : 7.0% (17/18) 6.1% (18/19e); 4.2% (19/20f) −3.2% (20/21f);

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Answer 2

Answer:

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). According to the IMF, on a per capita income basis, India ranked 139th by GDP (nominal) and 118th by GDP (PPP) in 2018.