What is Indian economy on the eve of Independence?
The Indian economy was an agro-based economy on the eve of independence. ● 75% of the Indian population was earning a livelihood from agriculture. ● Despite being a primary source of income for a major population, this sector faced a decline under the British rule.
What are the features of Indian economy on the eve of Independence Class 12?
15 essential features of Indian Economy on the Eve of…
- (i) Low Per Capita Income:
- (ii) Poor Infrastructure:
- (iii) Dependence on Imports:
- (iv) Illiteracy:
- (v) Agricultural economy:
- (vi) Low Development of Industries:
What was the economic impact of British rule in India?
Another major economic impact of the British policies in India was the introduction of a large number of commercial crops such as tea, coffee, indigo, opium, cotton, jute, sugarcane and oilseed. Different kinds of commercial crops were introduced with different intentions.
What was the economy of India like before independence?
Pre independence India had a flourishing economy based on agriculture and handicrafts. The quality of workmanship in field on textiles and precious stones was high leading to a worldwide base for Indian products. The British policy was to turn India into an exporter of raw materials and consumer of finished goods.
What type of economy is an Indian economy?
Today, India is considered a mixed economy: the private and public sectors co-exist and the country leverages international trade.
Why was Indian economy called an agricultural economy on the eve of Independence?
On the eve of independence, our Indian economy was known to be in an agro-state. Despite being a primary mean of livelihood, India’s agriculture sector was in a rapid decline. One of the main reasons behind it being scattered land owned by different individuals which made it even harder for cultivation.
What are the three main features of Indian economy at the time of independence?
Answer
- Slow and Stagnant.
- Nominal Growth.
- Poor Infrastructure.
- Low Level Of Productivity.
Why India was an amputated economy at the time of independence?
The bad political effects of British rule was converted India into an amputated economy. country had left without raw material that it required for it cotton and jute textile industries. lot to do for development of agriculture and industry in the country.
What are the three sectors of Indian economy?
Sectors of Indian Economy
- Three sectors – Primary, Secondary and Tertiary.
- Primary = Agriculture related.
- Secondary = Industry related.
- Tertiary = Service related.
- Sector share towards GDP : Tertiary (60%)> Secondary (28%)> Primary(12%).
- Sector share by working force : Primary (51%)> Tertiary (27%) > Secondary (22%)>
What was the importance of Indian economy at the time of independence?
maintain even the proposed growth rate of Indian economy. At the time of independence, Indian economy was predominantly agricultural economy. irrigation purposes. No improved methods of production were used to cultivate crops.
What was the occupational structure of India on the eve of Independence?
The occupational structure of our country also finds mention in class 11 Indian economy on the eve of independence. In the Indian economy on the eve of Independence, agriculture was our principal source and sector of occupation with almost 72.7% of the working population engaged in this sector of the economy.
What was the condition of Indian economy on the eve of Independence?
Hence, the Indian industrial sector’s condition following the Indian economy on the eve of Independence was also in bad shape and state. Class 11 Indian Economy on the eve of independence further talk about the condition of the foreign trade sector.
What was the Indian economy like during the British rule in India?
Although the Indian economy on the eve of Independence was in a very bad state and shape, there was some major infrastructure-related development during the British rule in India such as in the areas of transportation and communication.
What was the British Raj like before the eve of Independence?
During the British Raj that is before the eve of independence, there was the unlimited exploitation in all the three sectors, say for instance, in the agriculture sector, we will look at the zamindari system. How our agriculture remained stagnant and backward in the Indian economy on the eve of independence (1947).