what are the Indian Economy and the various problems and policies of Indian Economy
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However, the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and poor tax collection rates. Despite rapid economic growth, unemployment is still an issue in both rural and urban areas.
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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. However , the economy still faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and poor tax collection rates. Despite rapid economic growth, unemployment is still an issue in both rural and urban areas.
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