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Quiz on Indian Economy Nature and Characteristics

Nature and Characteristics of Indian Economy

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Attempt this Nature and Characteristics of Indian Economy quiz and check how much you can score.  The economic situation of India is the seventh-largest economic situation in the world gauged by nominal GDP and the third-largest by buying power parity (PPP). Early on at the outset itself, independent India chose to adopt a mixed approach instead of veering either towards an economy wholly determined by market forces or an economy wholly and only controlled by the state.

The Indian Constitution itself expresses the hope that India will function as a welfare state, and to do so would require state intervention. However, India did not wish to build a monopolistic economy either with no private players, and hence, a mixed approach was followed. Click here for quiz on Business Economics & Finance .

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Comments ( 2 )

  1. […] India economy  is  the third largest economy in the world, in terms of purchasing power. When the world is facing a serious crisis- specially USA and Europe – India and China are the two economies , which is still having growth rates, It is  predicted that  by 2035 India would be the third largest economy of the world just after US and China. This booming economy of today has to pass through many phases before it can achieve the current milestone of 9% GDP. So , here is simple quiz on Indian economy. Click here for Quiz on Indian Economy Nature and Characteristics […]

  2. […] The Economic of India  is the seventh-largest economic situation on the planet determined by nominal GDP and the third-largest by acquiring power parity (PPP). The country is identified as a freshly industrialised nation, one of the G-20 major economies, a member of BRICS and also a developing economic situation with an ordinary growth rate of approximately 7% over the last twenty years. Maharashtra is the most affluent Indian state as well as has an annual nominal GDP of US$ 250 billion, virtually equal to that of Portugal and Pakistan and represent 12% of the Indian GDP followed by the states of Tamil Nadu (US$ 150 billion) and also Uttar Pradesh (US$ 130 billion). India’s economy ended up being the globe’s fastest growing significant economy in the last quarter of 2014, changing the People’s Republic of China. Click here for Quiz on Indian Economy Nature and Characteristics […]

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