Question

what do you mean by Indian Economy?
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Answer 1

Answer:

Mixed economy: India has mixed economy with a large public sector. ... ii) Federal economy: It implies that the Governmental economic activities and institutions operate at two levels- at central level and at state level. For eg. railways, post, etc. come under the state.

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.

NOTE :-

 India's economy has fallen on hard times. According to the Advance Estimates (January) of the National Statistical Office (NSO), the growth of the gross domestic product (GDP) will be 5% in 2019-20 in real terms; many private forecasters have put the figure even lower .