What type of economy does India have?
2023
What type of economy does India have?
- A.
Socialist Economy
- B.
Mixed Economy
- C.
Market Economy
- D.
Capitalist Economy
Attempted by 3 students.
Show answer & explanation
Correct answer: B
India has a mixed economy where both public and private sectors coexist. The government controls key industries while allowing market forces to operate in other areas.