SSC MTS EXAM

Detailed explanation-1: -An underdeveloped economy is characterised by state of deprivation of large proportion of population. Apart from that, other characteristics of an underdeveloped economy are low per capita income, a higher proportion of labour force involved in primary sector activities.

Detailed explanation-2: -India, as a developing country, features a mixed economy in the world. The major characteristics of developing economy are low per capita income, overpopulation, maximum population below the poverty line, poor infrastructure, agro-based economy and a lower rate of capital formation.

Detailed explanation-3: -Low level of capital productivity.

Detailed explanation-4: -The indicators of the underdeveloped country are the high birth rates, undernourishment, high infant mortality, undernourishment, low per capita GDP, high levels of illiteracy, and low life expectancy rate.