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Why india for the model of …

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Why india for the model of mixed economy?
  • 2 answers

Aayushi Chauhan 6 years, 6 months ago

India is a democratic country where both the government and the private sector, moreover the market forces decides the price of essential items.

Gaurav Seth 6 years, 6 months ago

India did not folow any two known paths to development- it did not accept the capitalist model of development in which development was left entirely to the private sector, nor did it follow the socialist model in which production is controlled by the state. Elements from both these models were taken and mixed together in India. That is why it was described as 'mixed economy'. 

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