Question

'Indian economy is a dualistic economy'. Discuss the statement?​

Answer 1

Answer:

• At present, the Indian economy is characterised by a dualistic economic structure where a modern economy is existing along-with a primitive traditional economy. ... Thus under dualism, two sectors, i.e., modern or advanced sector and traditional or backward sector exist and operate side by side.

Answer 2

Answer:

As Indian Economy consists of both Underdeveloped and Progressive economies, it is said to be dualistic economy.

Explanation:

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