Independent India opted for mixed economy give reason
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Since independence India has been a 'Mixed Economy'. India's large public sectors were responsible for rendering the country a 'mixed economy' feature. Indian economy is basically based in the contribution of service sector (currently provides 60% share of GDP) and near about 53% of its population is dependent on the Agriculture.
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Mixed economy is an economic system where decisions are taken by both public as well as private sectors. ... To meet the heavy need of growth, industrialisation, private sectors were also given chance to enter these areas of core importance. Hence, India opted for Mixed economy.
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