Question

What kind of economic structure was adopted by indian govt. After independent and why?

Answer 1

Answer:

After independence, India had the option of being a capitalist or a socialist economy. The leaders of independent India wanted to give importance to both public and private sectors and hence decided to adopted the mixed economy principle

Answer 2

Answer:

Mixed economy

Explanation:

After independence, India had the option of being a capitalist or a socialist economy. The leaders of independent India wanted to give importance to both public and private sectors and hence decided to adopted the mixed economy principle.