Question

Independent India Opted For mixed Economy​

Answer 1

Answer:

independent india opted

Answer 2

Answer:

After independence, India had the option of being a capitalist or a socialist economy. The leaders of independent India wanted to give importance to both public and private sectors and hence decided to adopted the mixed economy principle.

Mixed economy is an economic system where decisions are taken by both public as well as private sectors. Initially India was a socialist economy where decisions were taken by the Government and all industries of utmost importance were reserved for public sector only. ... Hence, India opted for Mixed economy.

Explanation:

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