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India's path of development is based on

  • A.Private enterprise
  • B.Private and State enterprise
  • C.State enterprise
  • D.Gandhian model

Answer: B

India chose a mixed economy, with both private and State enterprise, after independence. The Industrial Policy Resolutions and the Five Year Plans reserved basic and heavy industries for the State while leaving a large space for private enterprise. A purely private path or a purely State path would describe a capitalist or a command economy, and the Gandhian model of village-centred small-scale industry was admired but not adopted as the national strategy. So the correct choice is private and State enterprise together.

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