What are the main features of Indian economy?
Important Features of the Indian Economy & GDP
- 1] Gross Domestic Product. India had a GDP of 2.26 lac crore dollars in the year 2016.
- 2] Low Per Capita Income.
- 3] Indian Economy is a Mixed Economy.
- 4] Agriculture is the most important sector.
- 5] Uneven Wealth Distribution.
- 6] Human Capital.
- 7] Immense Growth of Service Sector.
What are the characteristics of Indian economy Wikipedia?
India has the world’s fourth-largest natural resources, with the mining sector contributing 11% of the country’s industrial GDP and 2.5% of total GDP. It is also the world’s second-largest coal producer, the second-largest cement producer, the second-largest steel producer, and the third-largest electricity producer.
What are the four features of Indian economy?
India, as a developing country, features a mixed economy in the world. The major characteristics of developing economy are low per capita income, overpopulation, maximum population below the poverty line, poor infrastructure, agro-based economy and a lower rate of capital formation.
What are the five features of economy?
Based on a broad range of input from experts, academics, peers, and public opinion, the Foundation defines inclusive economies by five inter-related characteristics: participation, equity, growth, sustainability, and stability.
What are the main features of economic?
The following are the characteristics of economic activities:
- Wealth Producing Activities:
- Satisfying Human Wants:
- Money Income:
- Developmental Activities:
- Proper Allocation of Resources:
- Optimum Use of Resources:
What are the features of Indian economy on the eve of Independence?
On the eve of independence Indian economy was backward from industrial point of view there was deficiency of basic and heavy industries. Among heavy industries, there was Tata Iron and Steel industry. The production of machines in the country was negligible.
What are the positive features of Indian economy?
The two positive features of Indian economy includes higher rate of capital formation or investment and planned economy. During the time of independence one of the major problem of Indian economy was deficiency in capital stock that is land, machinery, savings, etc.
Which one is not the characteristic feature of Indian economy?
1) Indian economy does not boast a high urbanisation rate as the countrie is characterised by very low level of lvivng and lack of infrastructure.
What are the features of economics?
What are the features of Indian economy at the time of independence?
Indian Economy at the Time of Independence – Introduction, Indian Economy Notes | Study Indian Economy – B Com
- Indian Economy-Underdeveloped:
- (i) Low Per Capita Income:
- (ii) Poor Infrastructure:
- (iii) Dependence on Imports:
- (iv) Illiteracy:
- (v) Agricultural economy:
- (vi) Low Development of Industries:
- Stagnant Economy:
What are the main features of Indian economy on the eve of Independence?
What are the main features of economic system?
Theoretically, it may refer to an economic system that combines one of three characteristics: public and private ownership of industry, market-based allocation with economic planning, or free markets with state interventionism.
What are the main features of New Delhi?
1 History. Lord Curzon and Lady Curzon arriving at the Delhi Durbar, 1903. 2 Geography. The city of New Delhi is located within the National Capital Territory of Delhi. 3 Demographics. 4 Government. 5 Economy. 6 Culture. 7 Transport. 8 Cityscape. 9 Sports. 10 Aerial view of New Delhi.
What is the Indian Opinion?
The Indian Opinion was a means of bringing news about Indians in the colonies before the public in India. The pages of Indian Opinion provide a valuable historical record of the disabilities that Indians suffered under.
Why is the Indo-Gangetic Plain so important to India?
The flat and fertile terrain has facilitated the repeated rise and expansion of various empires, including the Maurya Empire, Kushan Empire, Gupta Empire, Pala Empire, Imperial Kannauj, Delhi Sultanates, the Mughal Empire and Maratha Empire – all of which had their demographic and political centers in the Indo-Gangetic plain.
What is the economic rank of New Delhi in India?
^ “New Delhi: Overall rank 37; Economic activity rank 39 by 2011 Wealth Report”. Rediff Business. 21 April 2011. Retrieved 29 June 2011. ^ “New Delhi is now among global retail hotspots”. Hindustan Times. 9 May 2013. Archived from the original on 11 May 2013. Retrieved 12 May 2013.