India

India Since independence, India has promoted a mixed economic system in which the government, constitutionally defined as “socialist,” plays a major role as central planner, regulator, investor, manager, and producer. Many of its decisions are highly political, especially in its attempts to invest equitably among the various states of the union. Despite the government's pervasive economic role, large corporate undertakings dominate many spheres of modern economic activity, while tens of millions of generally small agricultural holdings and petty commercial, service, and craft enterprises account for the great bulk of employment. The range of economic, sector, role, resources, organized, india, union, trade, system, product, modern, low, india's, highly, gross, foreign, few, while, vast, unions, states, small, since, significant, service, regulated, range, population, political, plays, per, national, much, minerals, millions