India is in favour of __________ in the economic field

A. Public Sector

B. Private Sector

C. Mixed Economy

D. Capitalistic Economy

Answer: Option C

Solution(By Examveda Team)

In a mixed economy, private and public sectors go side by side. The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate. Before Independence, Indian economy was a 'laissez faire' economy.