India 5555: Part III

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When India gained independence, there were two political and economic models available to follow: the socialist model of the Soviet Union and the free market economy of the western world. India took a momentous decision to adopt a mixed economy where Government and private enterprise would function concurrently. Many development initiatives and industries by both Government and private entrepreneurs led to a steady increase in growth. There have been significant strides made by India in science and applied technology. A source of joy in India’s underlying unity is a freedom of choice in arts and way of life. With its freedom of press, independent judiciary and freedom of every citizen to vote, Indian democracy has strengthened.

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