Question

India is ______.

Options

• Developing economy.

• Developed economy.

• Mixed economy.

• Both a developing economy and a mixed economy.

Answer 1

India is both a developing economy and a mixed economy.

Explanation:

• India is a developing economy due to increasing per capita income, agricultural and industrial growth, and infrastructure improvements.
• India is a mixed economy because it has both public and private sectors operating, with government regulation and economic planning alongside market forces.