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

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