Multiple choice

What type of economy does India has?

  1. Mixed economy

  2. Free economy

  3. Socialistic economy

  4. Gandhian economy

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India has a mixed economy, which is a system that combines characteristics of both capitalism and socialism. It allows for a private sector to operate for profit while the government maintains control over essential public services and strategic industries.