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India's development strategy took elements of capitalism and socialism. What was it called?
ALaissez faire
BBarter economy
CMixed economy
DCommand economy
Answer & Solution
Correct answer: C. Mixed economy
1. India followed neither pure model.
2. It was described as a mixed economy.
3. The state ran heavy industry, private hands ran the rest.
_Source: NCERT Class 12 Political Science, Politics in India since Independence, Chapter 3, Politics of Planned Development._
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