Question

The major characteristics of the Indian economy is/are ______.

Options

• Low per capita income.

• Agro-based economy.

• Overpopulation.

• All of these.

Answer 1

The major characteristics of the Indian economy are low per capita income, an agro-based economy, and overpopulation.

Explanation:

India is considered an underdeveloped economy, as it exhibits features such as low per capita income, a predominant reliance on agriculture for employment, though it contributes a smaller share to GDP, and a very large population, which creates significant pressure on land and resources. These characteristics, together, underline the structural challenges faced by the Indian economy on its development journey.