ELI5: Explain Like I'm 5

Economy of India

India is a large country with lots of people and resources like food, clothing, and goods. The economy of India is how people, businesses, and the government use these resources to get what they need. They buy and sell goods from each other and pay for them using money. The government collects money from people and businesses in the form of taxes, then uses it to pay for services like roads, hospitals, and schools. The economy of India also includes the production of goods like computers, phones, and cars. Companies make and sell these products, people buy them, and the companies get money, which is used to create more jobs and better services.