SSC MTS EXAM

Detailed explanation-1: -Indian economy is a mixed economy because here both private and public sector co-exist and both work under the general guidance of economic planning. Q. In a Mixed Economy, there are sectors of Industries. Q.

Detailed explanation-2: -In 1991, India began to loosen its economic restrictions and an increased level of liberalization led to growth in the country’s private sector. Today, India is considered a mixed economy: the private and public sectors co-exist and the country leverages international trade.

Detailed explanation-3: -India officially adopted mixed economic policy through Industrial policy resolution 1948.

Detailed explanation-4: -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.