What do you mean by the economic characteristics of India?

One of the characteristics of India's economy is a highly prosperous service industry. As a developing country, the second most populous country in the world and a country where English is widely used, India has a large number of high-quality talents. India has become a leading force in global service outsourcing and technical support. Coupled with the continuous improvement of India's telecommunications and network infrastructure, India's service industry has developed at an alarming rate.

India's second economic feature is the chaotic legal and regulatory environment. Corruption, bureaucracy and approval difficulties still prevail in the local business environment. These factors increase the difficulty of investment, trade and cooperation, and make global investors lack confidence in the Indian market. Although India has been reforming its investment and tax policies, it still needs to strengthen its implementation.

The third characteristic of Indian economy is general inequality. India is a country composed of many nationalities, languages and cultures. Despite the economic and social development, this difference has also led to general inequality. The gap between the rich and the poor is still very large, and some workers even suffer extremely low wages in manufacturing and agriculture. Although India has made progress in poverty eradication in recent years, it needs to continue its efforts to achieve more equitable development.