Discuss the main features of the mixed economy followed by India after independence

India, after its independence from British colonial rule in 1947, followed a mixed economy model. The mixed economy model combines features of both capitalism and socialism, where the government plays a vital role in economic planning, while the private sector operates independently. The aim was to promote economic growth while ensuring social welfare and reducing income inequalities. In this essay, we will discuss the main features of India's mixed economy.

1. Coexistence of Public and Private Sectors

The mixed economy model followed by India emphasizes the coexistence of public and private sectors. The government owns and operates key industries, such as railways, airlines, and defense production, while allowing the private sector to operate in ____ ________ _______ ___ _____ _____ _______ ______ ______ ________ ____.
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