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What are the characteristics of the Indian economy? |
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Answer» (i) Right from independence, the modernisation of economy, economic self-sufficiency and social justice have been the characteristics of Indian economy. (ii) India wanted to acquire modernity and selfreliance by establishing industries. (iii) It wanted to establish an economy based on social justice through planning. (iv) For this, the National Planning Commission was established that would coordinate development through the policy of Five Year Plans. |
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