Indian society is an economic based society
Indian society is considered as pluralistic complex society consists of social order. These social order of Indian society can be characterized in multiple orders like linguistic, religious practices and caste system.
Indian society is considered as economy based society by modern day economist and see Indian economy as middle income developing market economy.
Indian economy characterized as according to their various quality whether they are hindu, muslim, Christian, urban population, rural population, virtually all things and social groups.
Indian society considered as economy based society because Indian economy is sixth largest economy of world and third largest in purchasing power. Indian society as economy purchasing power ranking in world tell us consumer of India population have large purchasing power.
Indian society can be classified on basis of importance of money working inside economy income such upper class (high income earning population), middle class (less earning then upper class but high earning in comparison with low income class population), low income or poor population.
Economic growth of India totally dependent upon how well these three types of Indian economy society income earned in fixed accounting period.
Indian society is second largest democracy come just after United States. 82 percent economy based society of India are Hindu religion followers and other religions followers people equally distributed across all parts of country.
Indian society economy shown positive economic development because many successive governments of India came after independence 1947 promoted economic policies like protectionist, state intervention and many economic regulations time to time introduced in form of license raj.
After cold war got ended some economic crises 1991 come which faced and handled nicely by Indian society which is economic based. 1991 economic crises faced by Indian economy based society leds to broad adoption of economic liberalisation.
Salient features of Indian society, diversity of India
Indian economy based society with most often seen featured unity with diversity. Historically economy of India was the largest until starting of 19th century. Indian society considered as richest economy and known in world by the name golden bird.
Below given salient features of Indian society which is economy based given table form. Indian economy consists of diversity of India.
| Economy | Economy Features |
|---|---|
| Financial Capital | Mumbai |
| Financial Year | 1st April to 1st March |
| Indian Currency | Indian Rupee (₹) |
| Member Of Trade Organization | WTO, WCO, BRICS, UNO, G-20, BIS, ADB and many other groups. |
| Economic category | Developing Economy |
| Gross Domestic Product (GDP) | $3.03 trillion nominal $10.21 trillion PPP |
| World GDP Rank | 6th nominal GDP 3rd PPP GDP |
| Economic sector | Agriculture 16%, Industry 25%, Manufacturing 14%, Serrvices 49.9% |
| GDP Component | Household consumption 59%, Goverment consumption 11%, Investment in fixed assets 28%, Investment in inventory 3%, Export of goods and services 19%, Import of goods and services 22% |
| Labour Employment | 45.4% |
| Labour Employment Sector wise | Agriculture 41.49, Industry 26.18%, Services 32.32% |
| Main Industries Of India | Chemical, pharmaceutical, Textile, Food Processing, Agribusiness, Handicrafts, Petroleum, Gem, Jelly, Jwellery, automobile, Leather, Iron ore, Steel, Electric power, Minning, Telecommunication, and many more |
| Buisness Doing Ranking World Wide | 63rd |
Indian society considered as world largest young population currently living. Larger young population of India make Indian economy remain positive for long term prospective because of higher young generation present factors which play important role in economy development like low dependency ratio on other, high heathy person, higher investment, higher saving and increasing globalisation integration in India.
In 2017 Indian economy got slow down due to imposed demonetization in 2016 old note of ₹500 and ₹1000 Indian rupees. Later in same year of 2017 GST got regulated in Indian economy.
Indian society considered as sixth largest consumer market economy of the world.
Ninth largest importer of goods and service in world is Indian economy and tweleth largest exporter of goods and services is Indian economy.
World Trade Organization (WTO) membership taken in 1st january 1995 by India. Indian society have economic relationship with United States, UAE, China, Russia, France, Great Britain, Nepal, Bangladesh, Saudi Arabia, Iran,and European union.
What kind of India society
India society consists of interlinked with diversity of economic activities. India society can be defined as mixed combination of various types of cultures, living style, beleive, religions and economic class.
Indian society is hierarchical based society. Peoples of north-south, east-west, Hindu-Muslim, urban or rural are virtually connected with eachother and every people of Indian society get value respect according to personal qualities.
Indian economy based society considered as very complex type of society because in India every one kilometre moving changes noticed in language and culture.
Essay on Indian society included in itself organised and complex structure of interaction between eachother to persuite any objectives. Indian society defined as complex structure and organised bounding virtually connected with eachother to get their economic development and social image.
Distinction between urban and rural population bring in Indian economy based society due to factors affecting economic development like linguistic, religious beliefs, culture class and caste system at the root level.
Lets help of example to understand Indian society explanation. Study of history of Indian economic based society tell us difference between marriage practices done in North India and West India.
Indian society is of which type
Study of Indian society in recent past time are done by various historical researchers accross the world. Indian society is of which type? This question arises in every body mind who want to know about India society. Basically Indian society is economic based society.
Indian society historical hierarchical based society. India society can be divided into north Indian, south Indian, North eastern Indian, hindu, muslim, christian, sikh, jain, urban peoples and rural peoples, these people virtually different in social group but all these people are interconnected with eachother. In Indian society every people are ranked according there respected quality holding.
What make Indian society unique
Indian society unique because consists in itself unique characteristics of diversity of people living virtually connected with eachother to achieve similar objective.