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Write in detail (2 page each) about two leading industries boosting india's economy and how.​

Answer» <html><body><p><strong>Answer:</strong></p><p>The economy of India is characterised as a middle income developing market economy.[43] It is the world's sixth-<a href="https://interviewquestions.tuteehub.com/tag/largest-1067604" style="font-weight:bold;" target="_blank" title="Click to know more about LARGEST">LARGEST</a> economy by nominal GDP and the third-largest by purchasing power parity (PPP).[44] According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 145th by GDP (nominal) and 122th by GDP (PPP).[45] From independence in <a href="https://interviewquestions.tuteehub.com/tag/1947-281612" style="font-weight:bold;" target="_blank" title="Click to know more about 1947">1947</a> until 1991, successive governments promoted protectionist economic policies with extensive state intervention and economic regulation, which is characterised as dirigism, in the form of the License Raj.[46][47] The end of the Cold <a href="https://interviewquestions.tuteehub.com/tag/war-1448768" style="font-weight:bold;" target="_blank" title="Click to know more about WAR">WAR</a> and an acute balance of payments crisis in 1991 led to the adoption of a broad economic <a href="https://interviewquestions.tuteehub.com/tag/liberalisation-541514" style="font-weight:bold;" target="_blank" title="Click to know more about LIBERALISATION">LIBERALISATION</a> in India.[48][49] Since the start of the 21st century, annual <a href="https://interviewquestions.tuteehub.com/tag/average-13416" style="font-weight:bold;" target="_blank" title="Click to know more about AVERAGE">AVERAGE</a> GDP growth has been 6% to 7%,[43] and from 2013 to 2018, India was the world's fastest growing major economy, surpassing China.[50][51] Historically, India was the largest economy in the world for most of the two millennia from the 1st until the 19th century</p></body></html>


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