Question 28 of 35
Q.State any one feature of Indian Economy.
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 2mImportance★★★★★
80% · 28/35 Questions
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Start your 14-day free trial to unlock the full solution →A key feature of the Indian economy is its low per-capita income, a mark of a developing economy.
The Indian economy is classified as a developing (or mixed) economy, and one of its distinctive features is a low per-capita income. Per-capita income is national income divided by population; because national income is shared among a very large population, the average income of an Indian remains low compared with that of developed nations. This low income limits savings, investment and the general standard of living.
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