India is moving from a command economy towards a more mixed/hybrid economy. China’s experiments with a mixed economy have resulted in a greater rich -poor divide, and dilution of state financial control, resulting in China reversing its open economy policy. As a student of Global business, what would your advice be to the Indian Government as it embarks on opening up the economy to the private sector? Use terminologies and learnings from your management classes to give a professional answer. Limit yourself to 300 words.

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