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Question
What are the characteristics of the Indian economy?
Short Answer
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Solution
- Since independence, the Indian economy has promoted modernisation, economic self-sufficiency, and social fairness.
- Establishing industries was India's attempt to achieve modernity and self-reliance.
- The government intended to construct a socially fair economy through careful planning.
- To this end, the National Planning Commission was established to coordinate development through the Five Year Plan programme.
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Changes in India After 1991
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