Question

write a paragraph on Indian economy ​

Answer 1

Explanation:

Indian economy will be remembered for its radical transfor­mation from the year 1991 when the Central Government introduced the New Economic Policy (NEP) radically shifting away from the forty-year-long old economic regime of the mixed economy.

This shift was not whimsical but a well-thought out programme corresponding to the experiences of the mixed economy India had been cherishing ever since independence. Actually, the experiences of the mixed economy had been very painful.

Answer 2

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India is mainly an agricultural economy. Agricultural activities contribute about 50% of the economy. Agriculture involves growing and selling of crops, poultry, fishing, cattle rearing, and animal husbandry. People in India earn their livelihood by involving themselves in many of these activities. These activities are vital to our economy. The Indian economy has seen major growth in the last few decades. The credit for this boom largely goes to the service sector. Agriculture and associated activities have also been improvised to match the global standards and the export of various food products has seen an upward trend thereby adding to the economic growth. The industrial sector does not lag behind a bit. A number of new large scale, as well as small scale industries, have been set up in recent times and these have also proved to have a positive impact on the Indian economy.