Question

what are the characteristic of the Indian economy with answer the following question in 25 to 30 words

Answer 1

The economic of India is developed in mixed economy.It is the word sixth large economy and nominal GDP and the third largest by parchasing power parity (PPP).The country ranks in 139th per capital GDP nominal with $ 2,134 and 122 in per capita GDP (PPP) with $ 7,783 as of 2018. After the 1991 economic libelarisation India achieved 6-7% Average GDP growth annually. In FY 2015-2018 India economy became the world fastest growing major economy surpassing China.