Question

what is indian economy and what the main problems of current economy​

Answer 1

Answer:

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Step-by-step explanation:

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. the current economy  faces various problems and challenges, such as corruption, lack of infrastructure, poverty in rural areas and poor tax collection rates.

Answer 2

Step-by-step explanation:

An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.