Why india for the model of …

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Posted by Aniket Nagpal 6 years, 6 months ago
- 2 answers
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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Aayushi Chauhan 6 years, 6 months ago
0Thank You