in india planned economy is based on
Answers
Answered by
6
Planned economy is based on four system
here is that four system
1•Mixed Economy System
2•Capitalist System
3•Socialist System
4•Gandhian System
hope this will help you with
here is that four system
1•Mixed Economy System
2•Capitalist System
3•Socialist System
4•Gandhian System
hope this will help you with
Answered by
0
Answer:
Mixed economic system
Explanation:
In India, the planned economy is based on a mixed economic system wherein a planned economy the government guides the planning process. India production is indicative where factors of production like industry and agriculture are in private hands. After India's independence emphasis was given to agriculture where more land was put into cultivation that led to an increase in food production. In the second phase, there was industrial development through the building up of steel plants and atomic energy. Major banks over this period were nationalized and India developed to become a nuclear power.
Similar questions