Question

Indian Economy is an example of.

• A. Capitalist Economy
• B. Socialist Economy
• C. Mixed Economy
• D. None of the above

Answer 1

Answer: (C)

Mixed Economy

India is a mixed economy moving towards capitalism. In a mixed economy, private and public sectors go side by side. Before Independence, the Indian economy was a 'laissez-faire' economy. But post-independence, she adopted the mixed economy system.