Question

Give reasons. India has mixed economy​

Answer 1

Answer:

India has a mixed economy with both public and private sector. In public sector, industries of national importance are set-up such as defence industries, basic industries, power generation, etc. The main objective behind the sector is to reap the benefit with capitalism, socialism and trying to eliminate the evils of the system.

Answer 2

Answer:

India is to mixed economy and it has adopted this approach post independence the industrial policies implemented in the year 1948 and 1956 have helped the private and public sector of coexist.....