Did india have a planned economy?
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Is India the fastest growing economy?
India has been the world's fastest growing economy for the past seven years. The country is expected to grow by 7.5 percent in 2018 and by even more in the coming years. India's rapid economic growth is attributed to its strong growth in manufacturing, services, and agriculture. The country's investment and export sectors are also expanding rapidly. India is also benefiting from its large pool of skilled workers and its proximity to major markets such as China and the United States.
How is India's economy?
India's economy is considered to be one of the fastest-growing in the world. The country has a population of over 1.3 billion people, and is expected to grow to 1.5 billion by 2025. India has a strong agricultural sector, and is a major exporter of goods and services. The country is also a major producer of oil and natural gas. India's economy is dominated by services, with over 70% of GDP generated by this sector. India's strong economic growth has led to increased investment and increased employment.
Did British make India poor?
The British made India poor by forcing the Indians to adopt their culture, laws, and way of life. The British also taxed the Indians heavily and prevented them from developing their own industries. This led to widespread poverty and inequality in India.
What is called planned economy?
A planned economy is an economic system in which the government sets economic policies to achieve specific goals. These policies usually involve controlling the amount of money that is available to businesses and individuals, and regulating the prices of goods and services.