Indian economy
E494075
The Indian economy is the complex national economic system of India, characterized by rapid growth, a large and diverse labor force, significant service and technology sectors, and ongoing structural transformation from agriculture to industry and services.
Statements (61)
| Predicate | Object |
|---|---|
| instanceOf |
mixed economy
ⓘ
national economy ⓘ |
| agriculturalProduct |
cotton
ⓘ
rice ⓘ spices ⓘ sugarcane ⓘ tea ⓘ wheat ⓘ |
| capitalCity | New Delhi NERFINISHED ⓘ |
| centralBank | Reserve Bank of India NERFINISHED ⓘ |
| challenge |
income inequality
ⓘ
infrastructure gaps ⓘ rural-urban disparity ⓘ unemployment and underemployment ⓘ |
| continent | Asia ⓘ |
| country | India ⓘ |
| currency | Indian rupee ⓘ |
| currencyCode | INR NERFINISHED ⓘ |
| developmentStatus | developing economy ⓘ |
| economicSystem | mixed-market economy ⓘ |
| employmentCharacteristic |
large informal sector
ⓘ
significant self-employment ⓘ |
| exportCharacteristic |
major exporter of IT services
ⓘ
major exporter of pharmaceuticals ⓘ major exporter of refined petroleum products ⓘ |
| importCharacteristic |
large importer of crude oil
ⓘ
large importer of electronics ⓘ large importer of gold ⓘ |
| incomeCategory | lower-middle-income country ⓘ |
| keyIndustry |
automobile manufacturing
ⓘ
business process outsourcing ⓘ film and entertainment industry ⓘ financial services ⓘ information technology services ⓘ pharmaceuticals ⓘ steel production ⓘ telecommunications ⓘ textiles and garments ⓘ |
| laborForceCharacteristic |
large labor force
ⓘ
young demographic profile ⓘ |
| majorSector |
agricultural sector
ⓘ
industrial sector ⓘ services sector ⓘ |
| planningBody | NITI Aayog NERFINISHED ⓘ |
| policyFeature |
Goods and Services Tax regime
NERFINISHED
ⓘ
Make in India manufacturing initiative NERFINISHED ⓘ economic liberalization since 1991 ⓘ five-year planning tradition (discontinued but historically important) ⓘ focus on digital economy initiatives ⓘ |
| region | South Asia ⓘ |
| strength |
diverse economic base
ⓘ
growing middle class ⓘ large domestic market ⓘ strong services exports ⓘ |
| structuralTrend |
rapid urbanization
ⓘ
shift from agriculture to services ⓘ |
| tradeBlocMembership |
Asian Development Bank
NERFINISHED
ⓘ
BRICS NERFINISHED ⓘ G20 NERFINISHED ⓘ South Asian Association for Regional Cooperation NERFINISHED ⓘ World Trade Organization NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Department of Economics, Presidency College, Kolkata