what are the basic characteristics of indian economy as an emerging economy?
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Salient Features of Indian Economy. Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.
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['Connects savers and entrepreneurial borrowers: ... ', 'Deals in medium and long-term investments: ... ', 'Presence of intermediaries: ... ', 'Determinant of rate of capital formation: ... ', 'Capital Markets are regulated by government rules and regulations:']
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Some common attributes seen in NICs include increased economic freedoms, increased personal liberties, a transition from agriculture to manufacturing, the presence of large national corporations, strong foreign direct investment, and rapid growth in urban centers resulting from migration from rural areas into larger ...
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['Each firm is small relative to the market and has no influence on price.', 'Firms and products are substitutable.', 'Each consumer is small relative to the market and has no influence on price.', 'Perfect information about prices and quantities is available.', 'There is easy entry into and exit from the market.']
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['High Growth Rate of Population: ... ', 'Excessive Dependence on Agriculture: ... ', 'Occupational Structure: ... ', 'Low Level of Technology and its Poor Adoption: ... ', 'Poor Industrial Development: ... ', 'Poor Development of infrastructural Facilities: ... ', 'Poor Rate of Saving and Investment: ... ', 'Socio-Political Conditions:']
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['Low per capita real income: ... ', 'Low per capita real income: ... ', 'High population growth rate/size: ... ', 'High rates of unemployment: ... ', 'Dependence on primary sector: ... ', 'Dependence on exports of primary commodities: ... ', 'Low incomes per head: ... ', 'Low levels of saving due to low income:']
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['Digital payments are secure and India is ready to go cashless.', 'Chinese goods are a threat to Indian businessmen and economy.', "Modi's 'Make in India' campaign is better than the old 'Made in India' campaign.", 'Demonetization is a successful and effective move.', 'Govt.']
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India is known as the planned economy because it is a developing country and hence the investment of the capital good is done according to the production plans and the economy-wide economics. ... This country tries to change the structure of the capitalist economy to make it more appropriate for model economy situations.
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Entrepreneurship is our most important driver, kicking off a virtuous cycle driving the Indian economy. Entrepreneurship drives business creation: People who are entrepreneurs are constantly innovating, finding new market opportunities and products that can serve them.
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But while India remains a formidably challenging market, there are three reasons why global firms cannot overlook the country as a place to invest: (1) India has been increasing its infrastructure spending, which means significant growth potential for multinationals that have core competencies in high-tech ...
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Objectives of Five Year Plan of India Economic Growth. Economic Equity and Social Justice. Full Employment. Economic Self-Reliance.
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['Interest.', 'Supply and Demand.', 'Specialization.', 'Markets.', 'Capital. Human Capital. Financial Capital. Physical Capital. Social Capital. Natural Capital.', 'Externality.', 'Purchasing Power Parity.', 'Gross Domestic Product.']
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['(i) Time period. ... ', '(ii) Ability to store output. ... ', '(iii) Factor mobility. ... ', '(iv) Changes in marginal cost of production. ... ', '(v) Excess supply. ... ', '(vi) Availability of infrastructure facilities.']
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Group Discussion Topics on Current Affairs Chinese goods are a threat to Indian businessmen and economy. Modi's 'Make in India' campaign is better than the old 'Made in India' campaign. Demonetization is a successful and effective move. ... India needs bullet trains!
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['Microeconomics – concerned with individual markets and small aspects of the economy.', 'Macroeconomics – concerned with the whole aggregate economy. Issues such as inflation, economic growth and trade.']
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['Increased Employment and Economic Growth. ... ', 'Human Resource Development. ... ', '3. Development of Backward Areas. ... ', 'Provision of Finance & Technology. ... ', 'Increase in Exports. ... ', 'Exchange Rate Stability. ... ', 'Stimulation of Economic Development. ... ', 'Improved Capital Flow.']
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['Large Number of Buyers and Sellers: ... ', 'Homogeneity of the Product: ... ', 'Free Entry and Exit of Firms: ... ', 'Perfect Knowledge of the Market: ... ', 'Perfect Mobility of the Factors of Production and Goods: ... ', 'Absence of Price Control:']