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Indian Economic Overview
Mixed economy, both capitalist market economy and socialist command economy.
Fourth largest economy in the world in terms of purchasing power parity.
Regulated private sector and public sector controlled completely by the government.
Diverse economy: traditional village farming, modern agriculture, handicrafts, wide range of modern industries, multitude of services.
3/5th of the work force is in agriculture.
Since 1990, the market has been opened gradually by reducing government controls on foreign trade and investment.
Development and growth in exporting software services.
