Question

Indian Economy is a developing Economy"" give four arguments in favour of this Statement.

Answer 1

Answer:

Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.

Answer 2

Answer:

• Many Industries have expanded rapidly and are bringing huge amounts of money to the country .(example :IT sector .)
• Agriculture has developed rapidly .Since the green revolution ,agriculture has received a boost .Farmers are being educated to use better farming methods and tools to produce more .
• There is a gradual rise in net national production .More items are being produced and also exported to other countries which increases the economy of the country .
• There has also been a constant rise in Social Over Head Capital . Transportation ,irrigation ,education ,medicine facilities are rapidly growing which increases the country's revenue .

Explanation:

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