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In the context of India’s transition to a liberalised economy post-1991, the role of the state has undergone a significant transformation. Earlier, the Indian state played a dominant role in economic planning, regulation, and ownership of key industries under the model of a mixed economy. However, liberalisation marked a strategic shift towards a market-oriented economy, redefining the functions and responsibilities of the state. The primary shift has been from a "controller" to a "facilitator". In the pre-liberalisation era, the state controlled prices, production, and ____ ____ __________ ____ __________ __________.
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