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What are the basic features of indian economy?

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What are the basic features of indian economy?

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  1. It's basically a mixed economy meaning it supports both private and public ownership. The government extends control over certain necessary industries, fixes prices and allots subsidies. The Indian economy is running on deficit from the date of the first budget. It is registering a good growth rate in the industrial sector but the overall performance for 60 years is just average.

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