6 Questions
What transition has the Indian economy undergone?
From a mixed planned economy to a mixed middle-income developing social market economy
What was the economic system followed by successive governments in India from 1947 until 1991?
Soviet style planned economy
What led to the adoption of a broad economic liberalisation in India?
The end of the Cold War and an acute balance of payments crisis in 1991
What has been the annual average GDP growth of India since the start of the 21st century?
6% to 7%
What is India's rank by GDP (nominal) per capita income basis according to the International Monetary Fund (IMF)?
139th
What is India's rank by GDP (PPP) per capita income basis according to the International Monetary Fund (IMF)?
127th
Test your knowledge about the Indian economy and its transition from a planned economy to a developing social market economy. Discover interesting facts about India's GDP, state participation in key sectors, and its global economic ranking. Challenge yourself with questions about per capita income and the country's economic growth.
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