Question

what are the charecteristics of indian economy​

Answer 1

Answer:

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 IMF, on a per capita income basis, India ranked 142nd by GDP and 124th by GDP in 2020.

Explanation:

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Answer 2

Answer:

$\large \bold \pink{A \: } \large \bold \blue{N \: } \large \bold \red{S \:} \large \bold \purple{W \:} \large \bold \green{E \:} \large \bold \orange{R \:}$

☞Low per capita income.

☞Excessive dependence of agriculture and primary producing.

☞High rate of population growth.

☞Existence of chronic unemployment and under-employment.

☞Poor rate of capital formation.

☞Inequality in the distribution of wealth.

☞Low level of technology.

☞Under-utilisation of natural resources.

☞Lack of infrastructure.

☞Low level of living.

☞Poor quality of human capital.

☞Demographic characteristics.

☞Inadequate development of economic organisation.