India is called a dualistic economy because ........

Indian Economy (Easy) Growth and development

Download Solution PDF

India is called a dualistic economy because:

Both the rich and poor people co-exist side by side

It has both foreign trade and Internal Trade

Industry and Agriculture co-exist side by side

Modern Sector and traditional sector co-exist side by side

छोटे Courses बड़े Results

Master Growth and development

Prepare through Micro-courses

Try Now

Explanation:

The Indian economy is considered to have a dualistic feature because it comprises the features of both types of economies- underdeveloped as well as progressive. A very large portion of the economy consists of people who are underdeveloped and belong to the backward class. Hence option 4th is correct.