Question

Long Answer Type Questions
Explain the basic characteristics of contemporary Indian economy..
Explain the structural changes that have taken place in Indian​

Answer 1

Explanation:

Ans1). Salient feature of Indian economy .

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 basrd economy and lower rate of capital formation,tagged it as a developing economy in the world

Ans2). During the plan period ,not only

economic growth picked up,but also economic development i.e., 'growth plus change' occurred in india.The predominance of any sector can be viewed from the sectoral composition of national income and occupational structure

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