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Although ancient India had a significant urban population, much of India's population resided in villages, whose economies were largely isolated and self-sustaining. [citation needed] Agriculture was the predominant occupation and satisfied a village's food requirements while providing raw materials for hand-based industries such as textile, food processing and crafts.
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP) . [ 58 ]
Mixed farming was the basis of the Indus valley economy. [36] Denis J. Murphy (2007) details the spread of cultivated rice from India into South-east Asia: [37] Several wild cereals, including rice, grew in the Vindhyan Hills, and rice cultivation, at sites such as Chopani-Mando and Mahagara, may have been underway as early as 7000 BP.
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Civil services examination in India This article is about the examination in India. For civil service examinations in general, see civil service entrance examination. This article may need to be rewritten to comply with Wikipedia's quality standards. You can help. The talk page may ...
The term prelim (short for preliminary examination) generally refers to an examination that qualifies a student to continue studies at a higher level, and/or allow the student to comprehend their studies and see how prepared they are for an upcoming examination. It can also act as a gauge on how knowledgeable one is within the chosen subject.
The Dual Sector model, or the Lewis model, is a model in developmental economics that explains the growth of a developing economy in terms of a labour transition between two sectors, the subsistence or traditional agricultural sector and the capitalist or modern industrial sector. [1]
The following estimates are taken exclusively from the 2007 monograph Contours of the World Economy, 1–2030 AD by the British economist Angus Maddison. [2] (GDP (PPP) in millions of 1990 International Dollars) [3] [4] [5] Year 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 2030 (Forecast) China 22,983,000 United States 16,662,000 India 10,074,000 Japan
There are several basic questions that must be answered in order for an economy to run satisfactorily. The scarcity problem, for example, requires answers to basic questions, such as what to produce, how to produce it and who gets what is produced. An economic system is a way of answering these basic questions and different economic systems ...