Table of Contents
What is the main history of Indian economy?
Between 1st and 17th centuries AD, India is estimated to have had the largest economy of the ancient and medieval world, controlling between one third and one fourth of the world’s wealth. During the Mughal period (1526–1858 AD) India experienced unprecedeneted prosperity in history.
What caused India’s economic growth?
The economic growth has been driven by the expansion of the services that have been growing consistently faster than other sectors.
Who wrote planned economy of India?
M. Visvesvaraya
Planned economy for India/Authors
Which type of economy is found in India?
Type of Economic Systems Pure Market Economy: In the pure market economy, there is no government involvement in the economic decisions. Pure Command Economy: In the Pure Command Economy, all the resources are government owned. Traditional Economy: The economy in the traditional economy is largely shaped by the custom or religion.
What are the main economic activities in India?
Major economic activities of rural India are. agriculture — all most all people in rural areas do the job of agriculture. diary products————-as rural people rear cows they can sell milk or milk products and make money. cottage industry————–there are small industries which manufacture baskets , match boxes, agarbaties etc.
What type of economic system did ancient India have?
The economy of Ancient India was mainly dependent on agriculture. Agriculture was the chief occupation of the ancient Indian people. More and more people engaged themselves in agricultural enterprises. As a result not only the existing agricultural lands, forest and west lands too were cultivated.
What is the economic structure of India?
India represents the modern sector of the economy consisting of the sophisticated industries, information technology, nuclear research, space technology, prosperity and the pop culture. While Bharat represents the traditional rural sector engrossed in poverty, hunger, illetracy, disease and deprivations. III.