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 world.
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Answer:
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Explanation:
Essential features of Indian Economy are:
(i) Low Per Capita Income:
(ii) Poor Infrastructure:
(iii) Dependence on Imports:
(iv) Illiteracy:
(v) Agricultural economy:
(vi) Low Development of Industries
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Answer:
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 world.
Explanation:
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