Question

what are the characteristic of the India economic

Answer 1

Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.

Answer 2

The following points highlight the top thirteen characteristics of the Indian economy. Some of the characteristics are: 1. Low per capita income 2. Excessive dependence of agriculture and primary producing 3. High rate of population growth 4. Existence of chronic unemployment and under-employment 5. Poor rate of capital formation . 6 Inequality in the distribution of wealth. 7 Low level of technology. 8 Under-utilisation of natural resources. 9 Lack of infrastructure. 10 Low level of living. 11 Poor quality of human capital. 12 Demographic characteristics. 13 Inadequate development of economic organisation.