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e. Abolition of Zamindari system.
f. Introduction of cooperatives especially of service cooperatives like marketing, credit, etc.
Why India completely rejected the capitalist style of Modernization?
During that era, it was common for people to refer 'West' as the standard for measuring development. Development meant becoming more and more modern was like industrialised countries of the West. India rejected such model because majority of the people were illiterate and the breakdown of traditional social structures that modernization required was not feasible in India . Modernisation was also associated with the ideas of growth, material progress and scientific rationality, but due to lack of resources and education right away it was not possible in India which was at raditional and caste based stratified society.
Indian Parliament in December 1954 accepted ' the socialist pattern of society’ as the objective of social and economic policy. In fact the model projected was of a "mixed economy" where the public and the private sectors were not only to co-exist but where to be complementary to each other and the private sector was to be encouraged to grow with as much freedom as possible within the broad objectives of the national plan.