question_answer

Evaluate the major outcomes of the Indian model of mixed economy.

Answer:

Major outcomes of the Indian model of mixed economy:

(i) The State controlled key heavy industries provided infrastructure.

(ii) It regulated trade in India.

(iii) Although agriculture was in the private sector, the public sector made some intervention in agriculture.

(iv) This model laid the foundation of India?s future economic growth.

(v) Infrastructure for transport and communication was improved substantially.

(vi) Abolition of Zamindari system was the most significant and successful reform.

(vii) Areas which required lot of investment were taken up by the public sector as they were very essential for the national progress.