Evaluate the major outcomes of the Indian model of mixed economy CBSE Class 12 Humanities Political Science 2016
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Evaluate the major outcomes of the Indian model of mixed economy - CBSE Class 12 Humanities - Political Science 2016

Evaluate the major outcomes of the Indian model of mixed economy


By:prajwalamv

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India did not accept the two known paths of developmentā€”capitalist model of
development in which development was left entirely to the private sector and the
socialist model in which private property was abolished and all the production was
controlled by the state. Elements from both these models were taken and mixed in
India resulting in its mixed economy. In this economy, much of the agriculture, trade
and industry were left in private hands, while the state controlled key heavy
industries, provided industrial infrastructure, regulated trade and made some crucial
interventions in agriculture.


13priya

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