Question

what are the characteristics of Indian economy ​

Answer 1

Answer:

MARK AS BRAINLIST

The economy of India is characterised as a developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to the IMF, on a per capita income basis, India ranked 142nd by GDP and 124th by GDP in 2020

Answer 2

Answer:

Here's ur answer mate!!

Hope it helps u.

Explanation:

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

The basic characteristics of India as a developing economy are: Low per capita income. Occupational pattern – primary producing. Heavy population pressure.