Following independence, India adopted a model of mixed economy with a focus on state-led industrialisation alongside private sector growth. While economic reforms since 1991 have increased the role of the private sector, India remains fundamentally a mixed economy.
Which type of economy does India have?
Asked in JPSC CS Prelims 2011 · Topic: Nature of Indian Economy (Mixed Economy Framework)
More Economic Development questions
- Mixed economy means an economy where:
- Which of the following is NOT a Public good ?
- In which of the following types of economy are the factors of production owned individually ?
- Mixed Economy means—
- Which one of the following is the major feature of the Indian economy?
- Mixed economy in India means
- The Indian Economy is a
- Indian Economy is