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Answer to Question #60608 in Other Economics for Imozie Qolhring

Question #60608
Indian economy is a developing economy. Justify this statement on the basis of changes that an economy experience with economic development.
Expert's answer
Indian economy is underdeveloped, stagnant. It depreciated and has semi-feudal features with a clear dominance of agriculture, underutilized natural resources and heavy population pressure. Among other its typical features are: low levels of living, lack of social overhead capital, industrial backwardness, capital deficiency, income disparities, absence of enterprise and initiative.

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Assignment Expert
17.03.17, 18:27

Dear visitor,
please use panel for submitting new questions

17.03.17, 07:35

In a developing country like india being employed itself does not ensure a decent standard of living ?Do you agree?Give reason in support answer

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