Indian economy is most appropriately described as a ________.

Capitalist economy

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Mixed economy

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Socialist economy

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None of these

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Solution

The correct option is D Mixed economy
After becoming independent, the then Prime Minister of India, Jawaharlal Nehru decided that the Indian economy will not join any particular group of socialist or capitalist economies.
Few of the industries were kept under public domain whereas others were open for private entrepreneur thus making it a mixed economy.

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