Economics · Indian Economy Post-Independence

Which economic system was adopted by India after independence in 1947 to balance private and public sector development?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Pure capitalism
2Mixed economy✓
3Pure socialism
4Command economy

Correct answer

Mixed economy

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Which economic system was adopted by India after independence in 1947 to balance private and public sector development?

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