Keyword Analysis & Research: indian economic growth and development

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What is the growth rate of Indian economy?

India's economy expanded by 8.4 percent year-on-year in July-September 2021, following a record 20.1 percent growth in the previous three-month period and matching market expectations. The reading marked a fourth straight quarter of expansion, as coronavirus-related disruptions continued to ease and as the economic activity rebounded helped by a faster pace of vaccinations and a drop in cases.

What is the economic status of India?

The economy of India is a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 144th by GDP (nominal) and 128th by GDP (PPP).

What is the economic system of India?

What Type of Economy Is India? India has a mixed economy. Half of India's workers rely on agriculture, the signature of a traditional economy.   One-third of its workers are employed by the services industry, which contributes two-thirds of India's output. The productivity of this segment is made possible by India's shift toward a market economy. Since the 1990s, India has deregulated several industries.

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