Question
The Indian economy is characterised by
Answer: Option B
Answer: (b)
The Indian Economy is characterised by the predominance of agriculture, low per capita income and massive unemployment.
In India contribution of agriculture to GDP is around 13.7%. Per capita income, a gauge for measuring living standards, is estimated at Rs. 5,729 per month in 2012–13 which is low as compared to other developing nations like China having per capita income to be $6091.
In India, the rate of unemployment is around 9.9 % which is higher than other developing nations like China which has an unemployment rate of 4.1.
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Answer: (b)
The Indian Economy is characterised by the predominance of agriculture, low per capita income and massive unemployment.
In India contribution of agriculture to GDP is around 13.7%. Per capita income, a gauge for measuring living standards, is estimated at Rs. 5,729 per month in 2012–13 which is low as compared to other developing nations like China having per capita income to be $6091.
In India, the rate of unemployment is around 9.9 % which is higher than other developing nations like China which has an unemployment rate of 4.1.
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