Indian economy is. Developing economy justify this statement on the basis of change that an economy experience with the economic development
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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.
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The Indian economy is a developing economy this can be justified, the rate of unemployed youth has nbeen gradually decreasing over the years thids indicates that the dependency rate decreases day in and out which is just but among the features of a developing natiion. the reduction in the rate if corruption is another factor to be
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