How was the economic development of India visualised in the early decades after Independence?
Answers
There is a free press, as well as an independent judiciary. The fact that the people of India speak different languages or practice different faiths, has not come in the way of national unity. Some parts of India and some groups of Indians have benefited a great deal from economic development. They live in large houses and dine in expensive restaurants, send their children to expensive private schools and take expensive foreign holidays. At the same time, many others continue to live below the poverty line. Housed in urban slums or living in remote villages on lands that yield little, they cannot afford to send their children to school.
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Answer:
Explanation:
India adopted mixed economy model. It combines features of both capitalism and socialism. The state and the private sector would play important role in the development of the country. In 1950, Planning Commission was set up by the government.