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Questions and Answers
What were the major features of the Indian economy on the eve of independence?
What were the major features of the Indian economy on the eve of independence?
Stagnant economy, backward economy, agricultural and industrial backwardness, widespread poverty, poor infrastructure, major dependence on imports, limited urbanization, and colonial economy.
What was the per capita income in India from 1947-1948?
What was the per capita income in India from 1947-1948?
Rs. 230
What was the contribution of agriculture to the GDP despite 70% of the population being engaged in it?
What was the contribution of agriculture to the GDP despite 70% of the population being engaged in it?
Only 50%
What were the major issues faced by the country on the eve of independence?
What were the major issues faced by the country on the eve of independence?
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What were the basic needs that the people in the country could not meet?
What were the basic needs that the people in the country could not meet?
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Study Notes
Indian Economy on the Eve of Independence
- The Indian economy was characterized by a low per capita income of ₹255 in 1947-1948, indicating widespread poverty.
- Despite 70% of the population being engaged in agriculture, its contribution to the GDP was only around 51%, highlighting the limited productivity of the sector.
Major Issues Faced by the Country
- The country faced severe challenges, including poverty, unemployment, and inequality, which affected the majority of the population.
- The basic needs of the people, such as food, clothing, shelter, education, and healthcare, were not being met, leading to a low standard of living.
Economic Backwardness
- The Indian economy was largely agrarian, with a majority of the population dependent on agriculture, but with limited industrialization and infrastructure development.
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Description
Test your knowledge of Indian economic development with this quiz covering chapters 1 to 7. Explore the features of the Indian economy on the eve of independence, including stagnant growth, unemployment, and low per capita income. See how well you understand the economic conditions of pre-independence India.
