INDIAN ECONOMY

BY :

MOHIT VATS

AMAN BANSAL

NITIN SHARMA

HARISH KAUSHIK
 INDIAN ECONOMY

The economy of India is a developing mixed economy. It is the world's seventh-largest economy

by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks
139th in per capita GDP (nominal) with $2,134 and 122nd in per capita GDP (PPP) with $7,783
as of 2018. After the 1991 economic liberalisation, India achieved 6-7% average GDP growth
annually. Since 2014 with the exception of 2017, India's economy has been the world's fastest
growing major economy.
CHARACTERSTICS
• Low per capita income.
• Excessive dependence of agriculture and primary producing.
• High rate of population growth.
• Existence of chronic unemployment and under-employment.
• Inequality in the distribution of wealth.
• Low level of technology.
• Under-utilisation of natural resources.
• Lack of infrastructure.
• Low level of living.
HOW TO IMPROVE INDIAN ECONOMY
• Double farmer income
• Jobs, jobs, jobs
• Safer roads, better infrastructure
• Digital India
• Become a global soft power
• Regional development
• Skills and welfare
• Healthy India
• Environment
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