The economic system at present prevalent in India is quasi market oriented. In was in 1992 that reforms in Indian economy were initiated by the then Finance Minister Dr. Manmohan Singh. After 20 years as of now, the Indian economy has been opened partially to foreign investors, though vital sectors like Retail market, insurance, bank need liberalization which cannot be implemented due to opposition from allies of the UPA Government. Even the US President Barrack Obama insisted on more liberalization of Indian economy.
water
Traditional Economy.
market economy
mixed economy
economic world today is just like a barter system.
India is currently a capitalist country with some limited governmental interference.
As of 2014, France's economic system is quite strong. They are one of the world's leading economic power. This is because they have agricultural, industrial and service sectors.
india has adopted mixed economy as its economic system to bring about a socialistic pattern of society
The current number system that we use is originally from India.
What kind of economic system the Minoans would be working under today is still probably trade. All they used to do was trade.
The number system that we use today is called the Hindu-Arabic system and it originated in India in the 6th or 7th century.
mixed economy