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Which of the following is NOT a feature of the Indian Economy?
Mixed economy
Developing economy
High per capita income
Predominance of agriculture
High per capita income
High per capita income is a defining characteristic of developed economies rather than the Indian economy. India is classified as a developing nation characterized by a lower-middle-income status and rising but moderate per capita income levels.
High per capita income is a defining characteristic of developed economies rather than the Indian economy. India is classified as a developing nation characterized by a lower-middle-income status and rising but moderate per capita income levels.
India's macroeconomic classification is monitored by international bodies like the World Bank, which categorizes economies based on Gross National Income (GNI) per capita thresholds.
India features a mixed economy framework where both the public and private sectors coexist.
The Indian economy is classified as a developing nation with significant growth potential alongside structural challenges.
Agriculture and its allied sectors continue to support a major share of the workforce despite a declining share in total GDP.
Option A is a feature of the Indian Economy because it incorporates elements of both capitalist and socialist economic models.
Option B is a feature of the Indian Economy as it strives for industrialization, better infrastructure, and higher human development standards.
Option D is a key feature of the Indian Economy due to the high proportion of the population dependent on agriculture for livelihood.
C is correct тАФ High per capita income is a feature of developed economies, not the developing Indian economy.
Make sure to review World Bank country classifications by income levels as questions regarding India's GNI per capita threshold frequently appear in RRB and SSC examinations.
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