Question:
What were the two main Models for development before India after Independence? Mention the names of those models.
What were the two main Models for development before India after Independence? Mention the names of those models.
Updated On: Sep 23, 2026
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After Independence, India debated between the liberal-capitalist model (based on private enterprise and a free market, as followed by the USA) and the socialist model (based on state ownership and central planning, as followed by the USSR); India eventually adopted a mixed economy drawing on both.
After Independence, India debated between the liberal-capitalist model (based on private enterprise and a free market, as followed by the USA) and the socialist model (based on state ownership and central planning, as followed by the USSR); India eventually adopted a mixed economy drawing on both.
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