what type of economic structure was adopted by the Indian government after independence and why. Explain
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developing market economy
The economy of India is characterised as a developing market economy. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).
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after independence government of India adopted mixed economic system
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.
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