Two characteristics of indian economy – InterviewSolution

1.	Two characteristics of indian economy
Answer» The following points highlight the TOP thirteen characteristics of the Indian economy. Some of the characteristics are: 1. Low per capita income 2. Excessive dependence of agriculture and primary producing 3. High rate of POPULATION growth 4. Existence of chronic unemployment and under-employment 5. Poor rate of capital formation and Others. Indian Economy:Characteristic # 1. Low per capita income: In India, the national income and per capita income is very low and it is considered as ONE of the basic features of underdevelopment. As per World Bank estimates, the per capita income of India stood at only $ 720 in 2005. Keeping aside a very few countries, this per capita income FIGURE of India is the lowest in the world and it is even lower than China and Pakistan. ADVERTISEMENTS:

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