Indian economy
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Meghna Thapar 3 years, 9 months ago
Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world. India has emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers of the world over the next 10-15 years, backed by its strong democracy and partnerships. India's nominal GDP growth rate is estimated at 12 per cent in 2019-20. Agriculture, once India's main source of revenue and income, has since fallen to only 17% of the country's GDP as of 2017.
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