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What is Overview of Indian Economy about?
The Indian economy is the 5th largest in the world by nominal GDP and 3rd largest by PPP. It has a mixed economy with both public and private sectors. Over 50% of Indians work in agriculture, which contributes around 17% to GDP. The Planning Commission was established in 1950 under Nehru to promote rapid economic growth through five-year plans. It was replaced in 2015 by NITI Aayog to involve states more in policymaking. India has transitioned to a market-based economy but the government still plays an impo
- Author
- jai verma
- Language
- EN