Nature of Indian Economy
India has a mixed economy, which means it has elements of both capitalism and socialism. Let's delve into the basic features that define the nature of the Indian economy:

Dominance of Agriculture
- Agriculture plays a significant role in the Indian economy, employing a large percentage of the population.
- Despite the growth of other sectors, agriculture remains a crucial part of the economy.

Diversified Industrial Base
- India has a diversified industrial base with industries ranging from traditional handicrafts to modern technology-driven sectors.
- The industrial sector contributes significantly to the country's GDP and provides employment opportunities.

Services Sector Growth
- The services sector has witnessed rapid growth in recent years, becoming a key driver of economic growth.
- IT services, banking, tourism, and healthcare are some of the major contributors to the services sector.

Income Disparities
- Income disparities are prevalent in the Indian economy, with a significant portion of the population living below the poverty line.
- Efforts are being made to reduce income inequalities through various government schemes and policies.

Government Intervention
- The Indian economy experiences a considerable level of government intervention through policies, regulations, and subsidies.
- The government plays a crucial role in shaping the economic direction of the country.
In conclusion, the nature of the Indian economy is characterized by its diverse sectors, government intervention, income inequalities, and a strong emphasis on agriculture. It is essential to understand these basic features to grasp the dynamics of the Indian economy.