Mixed economy model of economic development was introduced by whom in india
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(i) Coexistence of Public and Private Sectors: ... The coexistence of large public sector with big private sector has transformed the economy into a mixed one. Industrial policies of 1948 and 1956 formulated by the Indian government have made the provision of such coexistence.
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Mixed economy: An economic system where both private and a state monopoly coexist. All modern economies are mixed. The means of production are shared and is also called as dual economy.
In India, the British government introduced economic systems of free enterprise and capitalistic-type.
Indian economy is a mixed economy because it is neither completely socialist nor capitalist.
So, mixed economy model of economic development was introduced in India by the British during their rule.
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