Question

Indian economy is
(a) Developing Economy
(b) Emerging Economy
(c) Dual Economy
(d) All the above​

Answer 1

Answer:

Answer is (d) All of the above

Answer 2

Answer:

The correct option is (d) All of the above.

Explanation:

(a) Developing Economy

A developing economy, also known as a less developed economy or an immature nation, is one that has an underdeveloped industrial foundation and a low Human Development Index (HDI) in comparison to other countries.

(b) Emerging Economy

An emerging economy is the economy of a developing nation that is becoming increasingly integrated with global business sectors as it develops. Nations with emerging economies have some, but not all, of the characteristics of a developed market.

(c) Dual Economy

A double economy is when there are two distinct economic sectors inside a single country, each with its own level of development, innovation, and areas of interest.

Therefore, all of the options are correct since the Indian economy is suitable for a developing, emerging, or dual economy.

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