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.

All labels observed (1)

Label Occurrences
Indian economy canonical 1

How this entity was disambiguated

Statements (61)

Predicate Object
instanceOf mixed economy
national economy
agriculturalProduct cotton
rice
spices
sugarcane
tea
wheat
capitalCity New Delhi
linked to: New Delhi, India
centralBank Reserve Bank of India
challenge income inequality
infrastructure gaps
rural-urban disparity
unemployment and underemployment
continent Asia
country India
currency Indian rupee
currencyCode INR
linked to: Indian rupee
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
policyFeature Goods and Services Tax regime
Make in India manufacturing initiative
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
BRICS
G20
South Asian Association for Regional Cooperation
World Trade Organization

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Department of Economics, Presidency College, Kolkata fieldOfStudy Indian economy
subject linked to: Department of Economics