Question

What are characteristics of the indian economy

Answer 1

Right from independence the modernisation o economy, economic self-sufficiency and social justice have bee the characteristics of Indian economy. India wanted to acquire modernity and self-reliance by establishing industries we- wanted to establish an economy based social justice through planning. For this the National Planning Commission was established that would coordinate development through the policy of Five Year Plans. The foreign Skilled investment in India increased. Indian professionals helped reform the Indian economy, The field of information technology opened several avenues of employment in the country.
These are the characteristics of Indian economy.
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Answer 2

Characteristics of the Indian economy

Explanation:

Characteristics of the Indian economy

• India prescribed the mixed economy system
• The Indian economy is large and vast.
• The Indian economy has a high poverty rate.
• The Indian economy has low per capita income
• The Indian economy dominates the Agriculture sector
• The Indian economy has inadequate Infrastructure
• Indian economy is facing high unemployment and underemployment

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