Answer the following Q with stream of consciousness. Context: The economy of India is a developing mixed economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016. After 1991 economic liberalisation, India achieved 6-7 % average GDP growth annually. In FY 2015 and 2018 India's economy became the world's fastest growing major economy surpassing China.

Question: what is the type of economy in india?
The relevant information to answer the above question is: The economy of India is a developing mixed economy. Therefore, the final answer is a developing mixed economy.