ICSE Class 9 Answered

India is a mixed economy. It is because:

1) Co-existence of private and public sectors- Both private and public sectors function together in the country. While heavy industries, atomic energy, railways and defense equipment manufacturing industries comes under public sector, electrical, food processing, agro based industries etc. function in the private sectors. The government facilitates the private industries by providing finance and the requires infra structure.

2) A mixed economy is also a welfare state. India is a welfare state as the government provides several food and employment related programmes to the down trodden sections of the society.