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History, Politics & Society
Economics
India

What are the structural and institutional features of Indian economy?

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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.