Question

Indias economy is a mixed Economy​

Answer 1

India has a mixed economy with both public and private sector. In public sector, industries of national importance are set-up such as defence industries, basic industries, power generation, etc. The main objective behind the sector is to reap the benefit with capitalism, socialism and trying to eliminate the evils of the system

Answer 2

Answer:

Indian economy is called a mixed economy because it is neither completely socialist nor capitalist. India's private & public sector both operate in the market. ... Though privatisation in most sectors started only after 1991 it has provided a major much-needed to boost the economy.