Question

Why is india a mixed economy

Answer 1

Answer:

Indian economy is mixed economy because it is neither completely socialist nor capitilist. In India private and and public sector both operate in the market. Other examples are USA which has no public sector and Cubawhich has no private sector.

Answer 2

Answer:

Indian economy is called a mixed economy because it is neither completely socialist nor capitalist.In India private and public sector both operate in the market.(Government nationalised the banks to get a greater control on the economy,passed a charter for LIC to control life insurance).