Question

India has a developing economy. Which of the following statements best describes a characteristic of a developing economy?

Answer 1

Answer:

More people are beginning to leave agriculture to work in the industry.

Explanation:

The developing countries are countries that are transitioning from being countries with economies revolving around agriculture, to countries with economies revolving around the industry. Basically, there is a shift from the primary to the secondary economic sector. India is no exception, and the same goes for it as well.

India is among the fastest-growing economies in the world for some time now. The country has the second largest population in the world, enormous labor force, a lot of resources, but also a big gap to cover up in order to become a developed country. The country, until relatively recently had a dominantly agricultural economy, but this has been shifting gradually with the rapid industrialization that is taking place. More and more people are moving out of the rural areas and into the industrial centers, quickly transforming India's economy.