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Indian type of Market Economy
Planning Commission advocates the continuance and effectiveness of Public sector and people participation.
Some of the industries and sectors are open to private sector giving greater autonomy.
Economic reforms pushed the nation from the planned economy to market economy.
New Economic Policy came up in 1991.
There is disinvestment of the PSUs, liberalization, privatization and globalization.
Still India is not full market oriented economy as some key sectors are still with Govt.
Planning in India derives its objectives from Directive Principles of State Policy.
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