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The Indian economy is characterised by
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- pre-dominance of agriculture
- low per capita income
- massive unemployment
- all of the above
Correct Option: D
The Indian economy is characterised by pre-dominance of agriculture, low per capita income and massive unemployment. In India contribution of agriculture to GDP is around 13.7%. Per capita income , a gauge for measuring living standard, is estimated at ₹ 5,729 per month in 2012-13 which is low as compared to other developing nations like China having per capita income to be $6091. In India the rate of unemployment is around 9.9% which is higher than other developing nations like China which has unemployment rate of 4.1.