Assertion [A] : India adopted a mixed economic system after independence in order to combine economic growth with social justice and welfare objectives. Reason [R] : The mixed economy framework permits the co-existence of public and private sectors while allowing government intervention where necessary.
Both [A] and [R] are true and [R] is the correct explanation of [A]
After independence India chose neither pure capitalism nor pure socialism; through the Industrial Policy Resolutions of 1948 and 1956 and the Five Year Plans it adopted a mixed economy. The assertion is true.
The aim was to achieve rapid economic growth while also securing social justice, reduction of inequality and welfare of the weaker sections.
The reason is true: a mixed economy lets the public and private sectors work side by side, with the State intervening through planning, regulation and public investment where the market fails.
This feature is exactly why the mixed system could pursue growth (private enterprise) together with justice and welfare (State action), so the reason correctly explains the assertion.
Hence, Both [A] and [R] are true and [R] is the correct explanation of [A].
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