Economy Of India
The Indian economy is known as a <strong>developing mixed economy</strong>, meaning it combines both private enterprises and significant government involvement, especially in crucial areas. In terms of size, India ranks as <strong>the fifth-largest economy</strong> in the world by nominal GDP and <strong>the third-largest by purchasing power parity (PPP)</strong>. However, when viewed on a per capita income basis, India ranks lower, at <strong>136th by nominal GDP</strong> and <strong>125th by GDP (PPP)</strong>....