Indian Economy is a mixed economyAccording to Lord Keynes,Mixed economy is one that has the merits of both capitalism and socialism.In this kind of economy,both public and private sectors take active part in the economic development of the country.Indian Economy is a mixed economy Main features of mixed economy of India are as follows public sector Licenced sector Private sector Industries development and regulation Act,1951 development of Co-operative sector production reserved for small-scale Industries with the adaptation of liberal economic policy after 1991,the significance of private sector has further increased. According to eminent economist Dr K.N.Raj: Although Indian economy is a mixed economy ,yet the ingradient of the mixture are making it conform more closely to a capitalist economy than a socialist pattern
Posted on: Sun, 29 Jun 2014 08:37:38 +0000
Trending Topics
Recently Viewed Topics
© 2015