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write a brief note on economy of India |
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Answer» Theeconomy of Indiais adevelopingmixed economy.It is the world'ssixth-largesteconomy bynominal GDPand thethird-largestbypurchasing power parity(PPP). The country ranks 139th inper capita GDP (nominal)with $2,134 and 122nd inper capita GDP (PPP)with $7,783 as of 2018.[35][36]After the1991 economic liberalisation,Indiaachieved 6-7% average GDP growth annually. In FY 2015 and 2018 India's economy became the world's fastest growingmajor economy,surpassingChina. |
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