Question

What is indian called planned economy

Answer 1

hey mate...

In Communist countries most of the economic activities are undertaken by the State and come under imperative planning. ... This country tries to change the structure of the capitalist economy to make it more appropriate for model economy situations. So, India is called a planned economy.

hope it helpz uh

Answer 2

India is known as planned economy because it is developing country and hence the investment of capital good is done according to the production plans and the economy wide economic