Economy.2.1 General characteristics the economy of IndiaBefore the economic picture in 1991 and India a socialist economic system. The Government will intervene to determine the measures and business practices of the private sector, both the strict production, marketing and investment. Use the import control policy is strictly. Later, when India faced with severe economic slump India wants to borrow money from the IMF (International Monetary Fund) and the World Bank, as well as the use of strict measures to control imports to foreign savings. At the same time it is trying to promote exports. Make India must continue its policy of economic reform (Economic Reform), in 1991 (b.e. 2534) was by using a market economy instead. The fundamental economic characteristics. India is a developing country, the general population is also very poor. Unemployment is high in both unemployment and seasonal unemployment without a job. The average income per head is quite low. Therefore, a low standard of living. Agriculture is also the economic foundation of India. However, in South Asia. India is a country where there is economic potential, and most markets including India, try to make the leaders of the region.
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