Question

what are the characteristics of indian economy

Answer 1

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

Answer 2

Explanation:

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

Gross domestic product: 2.72 lakh crores USD (2018) World Bank

Currency: Indian rupee

GDP growth rate: 6.8% annual change (2018) World Bank

GNI per capita: 7,680 PPP dollars (2018) World Bank

GDP per capita: 2,009.98 USD (2018) World Bank

Internet users: 34.4% of the population (2017) World Bank

Gross national income: 10.39 lakh crores PPP dollars (2018) World Bank