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Mixed Economy

Mixed Economy is as an economic system that comprises a mixture of markets and economic planning, public ownership and private ownership.
Profit seeking firms exist in the market. But unlike a free-market economy, the government has indirect macroeconomic influence over the economy through fiscal and monetary policies designed to counteract economic downturns and capitalism's tendency toward financial crises, unemployment, and growing income and wealth disparities.
In India we have a mixed economy. The public sector and the private sector compete in all industries except for- defence, railways and atomic energy. The government has divested in many PSU as they were loss making and Niti Aayog has suggested ways to revive sick units.
The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and long term policies and programmes for the Government of India, NITI Aayog also provides relevant technical advice to the Centre and States. At the core of NITI Aayog’s creation are two hubs – Team India Hub and the Knowledge and Innovation Hub.
To know more about NITI Aayog log onto

http://niti.gov.in/Mixed Economy
Mixed Economy is as an economic system that comprises a mixture of markets and economic planning, public ownership and private ownership.
Profit seeking firms exist in the market. But unlike a free-market economy, the government has indirect macroeconomic influence over the economy through fiscal and monetary policies designed to counteract economic downturns and capitalism's tendency toward financial crises, unemployment, and growing income and wealth disparities.
In India we have a mixed economy. The public sector and the private sector compete in all industries except for- defence, railways and atomic energy. The government has divested in many PSU as they were loss making and Niti Aayog has suggested ways to revive sick units.
The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and long term policies and programmes for the Government of India, NITI Aayog also provides relevant technical advice to the Centre and States. At the core of NITI Aayog’s creation are two hubs – Team India Hub and the Knowledge and Innovation Hub.
To know more about NITI Aayog log onto
http://niti.gov.in/

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