Indian Economy Statistics

The statement regarding production techniques is correct. The reason being that production techniques are backward in an underdeveloped economy. Others are incorrect because agriculture occupies $53.2$% (in $2009-10)$ population of India and nearly $29.8$% population of India is below the poverty line in $2009-10$.

The economy of India is characterised as a developing market economy. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity.

Globally India ranks in third position with 42000 start ups. The start-up schemes provide loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. The start-up helps to promote the culture of innovation and entrepreneurship in India. It also promotes economic growth and development.

International Bank for Reconstruction and Development ( IBRD) or the World Bank publishes the World Development Report every year. The criterion used for preparation is per capita income. 

World Development Report, 2016 was published on January 14^th, 2016. The title of the report for this year was “Digital Dividend”. The title was given as, it explores the impact of various technologies in the development of the economy.

Thus, the correct answer is B.

The World Development Report is published annually since 1978. World Bank has taken per capital income as the base for economic development.

The first report by the World Bank or International Bank for Reconstruction and Development was published in 1978. Since then, it continues to publish such report annually.

The percentage of area occupied by India is 2.4 percent of the total land area of the world. However, it tends to support 16.7 percent of the world's population.

Thus, the correct answer is A.

Demographic Transition is a model which is used to represent the movement of high birth and death rates to low birth and death rates. This transition takes place when a country develops from a pre-industrial to an industrialized economic system. India is in this second stage of demographic transition.

Thus, the correct answer is C.

India was ranked at 39th position in the Global Competitiveness Report (GCR) 2016-2017. Global Competitiveness Report is published by the World Economic Forum once a year. It helps to analyze the sustainable current and medium level possibility of economic growth and development.

In the World Banks Ease of doing Business Ranking 2015 India is placed at the 142 place out of the total 189 economies.A high ease of doing business can be defined as a situation where ranking the regulatory environment is more conducive to the starting and operation of a local firm.

India is a Developing Economy- this is the correct statement. India is termed as a Developing Economy because of its initiative for determined planned economic development. India aims to achieve a greater economic growth and development.

As an economy develops, the share of agriculture in GDP typically declines while the share of industry and services increases. This is a standard structural transformation pattern in economic development.

Indian agricultural sector being the most influencing economic sector in terms of resources and coverage employs about 52% of the entire manpower of the economy which accounts for around 253 million workers under the agricultural sector.

West Bengal is the largest producer of rice in India, constituting about 15 percent of the total rice production area. 

India stands second in the production of rice producing 155.682 Million Metric Tonnes per annum after China with highest production. Rice is the staple food for Indians and India’s climate especially the Deccan plateau region is very much suitable for rice cultivation.