What is the problem of indian economy at present?
low per capital income
low quality of life
poverty
all of the above
Answers
Answer:
The economy of India is characterised as a developing market economy.[44][45] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the IMF, on a per capita income basis, India ranked 139th by GDP (nominal) and 118th by GDP (PPP) in 2018.[46] From independence in 1947 until 1991, successive governments promoted protectionist economic policies with extensive state intervention and regulation which is characterised as Dirigism.[47][48] the end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad program of economic liberalisation.[49][50] Since the start of the 21st century, annual average GDP growth has been 6% to 7%,[45] and from 2014 to 2018, India was the world's fastest growing major economy, surpassing China.[51][52] Historically, India was the largest economy in the world for most of the two millennia from the 1st until 19th century.
Answer:
All of above
Explanation:
The primary economic issues in India are: Low per capita income. Huge dependence of population on agriculture. Heavy population pressure.