Did india have a planned economy?

The Indian economy is one of the fastest-growing in the world, but it is not without its challenges. One of the biggest questions facing the country is whether or not it should maintain a planned economy. A planned economy is one in which the government centrally plans and controls the production and distribution of goods and services. This was the economic model used by the Soviet Union and many other communist countries. India had a planned economy until 1991, when it began to liberalize its economy and move away from central planning. There are arguments for and against a planned economy. Those in favor of a planned economy argue that it can help to ensure that everyone in society has access to essential goods and services. They also argue that a planned economy can help to promote economic growth and development. Those against a planned economy argue that it can lead to inefficiencies and a lack of innovation. They also argue that it can lead to a loss of personal freedom, as the government has control over what people can and cannot produce. So, what is the right answer for India? There is no easy answer, and it is a decision that will have to be made by the country's leaders. What is clear, however, is that the Indian economy is complex and ever-changing, and the decision on whether or not to maintain a planned economy will have far-reaching implications.