Why is the Indian economy called a mixed economy?

Indian economy is called a mixed economt because it is neither completely socialist nor capitalist . In india private & public sector both operate in the market. read more

Indian economy is called a mixed economt because it is neither completely socialist nor capitalist . In india private & public sector both operate in the market. Other examples are USA which has no public sector and Cuba which has no private sector. read more

ADVERTISEMENTS: In a mixed economy, private and public sectors go side by side. The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate. Before Independence, Indian economy was a ‘laissez faire’ economy. read more

Before Independence, Indian economy was a ‘free enterprise’ economy. Regardless, post-self-rule, she embraced the blended economy structure. In like manner, it is clear from the going with contentions that our economy is a blended economy. read more