Asked in History, Politics & SocietyEconomicsIndia
What are the structural and institutional features of Indian economy?
April 07, 2015 1:40PM
Structural features of Indian economy implies structure of the economy which is as follow:
(a) Mixed economy:It is a mixture of private and public enterprises
(b) Dual economy:There is traditional agriculture and modern industries
(c) Earlier it was Agrarian economy:prominence of agriculture in the economy both as a contributor to the GDP as well as to the generation of employment but now contribution to GDP is just 13.7 percent.