Question

'indian economy is a developing economy'. justify.

Answer 1

The economy of India is a developing mixed economy. It's the world's seventh largest economy by nominal GDP and the third largest by purchasing power party.The country ranks 139th in per capita GDP with $2,134 and 122nd .

Answer 2

Hey user , here's your answer...

Indian economy is a developing economy. This statement can be justified by taking further justification, for example, countries like USA and RUSSIA are the ones that are already developed. Their economy is strong in every field, for India we can have an example of the IT sector i.e information technology. Our IT sector can't be tagged as being economically developed but as economically developing. It faces ups and downs. On the other hand, we also can't say that sector is underdeveloped.

Hope it will help you :)