India's economy is of mixed type.
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India's economy is considered to be of mixed type because both the public as well as the private exist in the market. Both have the right to operate and there is no hindrance regarding the operation. ... Public and private sectors are the basis of the Indian economy with privatization making a big difference.
India's economy is considered to be of mixed type because both the public as well as the private exist in the market. Both have the right to operate and there is no hindrance regarding the operation. ... Public and private sectors are the basis of the Indian economy with privatization making a big difference.
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What Type of Economy Is India? India has a mixed economy. Half of India's workers rely on agriculture, the signature of a traditional economy. 10 One-third of its workers are employed by the services industry, which contributes two-thirds of India's output.
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