Characterizations of Indian economy

Main characteristic and various aspects of Indian economy described below:-

Agrarian economy

Even after 60 shades of Independence according to Economic Survey 2015 16.
48.9% of the workforce of India is still agriculturist and its share in the GDP in 2014 and 15 is 17.4% at constant prices.

2. mixed economy:-

Indian economy is a unique blend of public and private sector that is a mixed economy.

After liberalisation Indian economy is going ahead as a capitalist economy or market economy.

Developing economy

The following fact shows that Indian economy is a developing economy.

A national income

According to the advance estimates 2015-16 of the sea Eso Ministry of the statical and programme implementation released on 8 February 2016--

The nominal net national income is also known as national income is likely to be  119. 62 lakh crore during
This year.