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What type of economy does India have? - Economic Applications

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प्रश्न

What type of economy does India have?

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उत्तर

India has a mixed economy, characterized by the coexistence of both public and private sectors. The government regulates and controls key industries, while the private sector operates under certain restrictions. Thus, the Indian economy exhibits features of both capitalist and socialist systems, with planning and market mechanisms functioning in tandem.

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पाठ 5: Characteristics of Indian Economy - QUESTION BANK [पृष्ठ ६९]

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जे. पी. गोयल आणि कौशल गोयल Economic Applications [English] Class 9 ICSE
पाठ 5 Characteristics of Indian Economy
QUESTION BANK | Q 11. | पृष्ठ ६९
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