what do you know about the economy of the country
Answers
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. Wikipedia
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
Internet users: 34.4% of the population (2019) World Bank
Gross national income: 9.46 lakh crores PPP dollars (2019) World Bank
Answer:
An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. These decisions are made through some combination of market transactions and collective or hierarchical decision making. Everyone from individuals to entities such as families, corporations, and governments participate in this process. The economy of a particular region or country is governed by its culture, laws, history, and geography, among other factors, and it evolves due to the choices and actions of the participants. For this reason, no two economies are identical.