Pre-Independence India

Financial policies and currency reforms

Agricultural reforms and land redistribution (correct)

Industrialization and urban development

Trade relations with neighboring countries

Technological advancements and innovation

Foreign aid and investment

Internal political stability

Colonial exploitation and drain of wealth (correct)

Dependence on cash crops and monoculture (correct)

Rapid industrialization and urbanization

Excessive government intervention in the market

Overwhelming surplus in agricultural production

<p>The economic challenges faced by India during the pre-independence era included agrarian distress, lack of industrialization, and exploitation by the colonial rulers.</p> Signup and view all the answers

<p>During the pre-independence period, the Indian economy was primarily agrarian-based, with limited industrialization and heavy dependence on agriculture for livelihood.</p> Signup and view all the answers

<p>The evening before independence marked a significant transition for the Indian economy, symbolizing the beginning of economic independence and the opportunity for self-reliance and economic development.</p> Signup and view all the answers