Question

What are the characteristics of Indian economy​

Answer 1

Answer:

India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world

Answer 2

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.

• Gross domestic product: 2.87 lakh crores USD (2019) World Bank

• Currency: Indian rupee

• GDP growth rate: 4.2% annual change (2019) World Bank

• GNI per capita: 6,920 PPP dollars (2019) World Bank

• GDP per capita: 2,099.60 USD (2019) World Bank

• Gross national income: 9.46 lakh crores PPP dollars (2019) World Bank

• Internet users: 34.4% of the population (2019) World Bank