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Economic Planning for India

India adopted...

Question

India adopted a model of economic planning.

A

capitalistic

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B

socialistic

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C

mixed economy

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Solution

The correct option is C mixed economy
Under the leadership of Pandit Jawaharlal Nehru, India adopted a mixed economy model. A mixed economy has features of both capitalism and socialism. In this economic model, both public and private sectors coexist.

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