Why does India have mixed economy ???????
Answers
Answer:
The mixed economy provides an atmosphere that allows private sectors to grow. It leads to an increase in new opportunities and leads to the formation of capital within the country. Freedom: Citizens in a mixed economy can enjoy both economic and occupational freedom which exists in a capitalist system.
Explanation:
Answer:
Today, India is considered a mixed economy: the private and public-sectors co-exist and the country leverages international trade.
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. Some basic and heavy industries are being run under the public sector.
Explanation:
Starting in the early 1950s India embarked on a "mixed" economic strategy that attempted to combine features of capitalism and socialism. At the time, India's approach was praised by many of the world's leading development economists and by other international donors.
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