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DerKrebs [107]
3 years ago
11

What do you mean by Indian economy and development. explain briefly

Social Studies
1 answer:
natulia [17]3 years ago
6 0

Answer:

<h3>The economy of India is characterised as a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).</h3>

Explanation:

<h3>Economic growth with increase in real per capita income, reduction in inequalities of income and in the number of poor people and generating institutional changes and development of technology that affect growth is called economic development.</h3>
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