Status of Indian Economy on the Eve of Independence

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What was the main source of livelihood for most people in India before British rule?

Agriculture

What were some of the industries India was well known for before British rule?

Handicrafts industries in cotton and silk textiles, metal and precious stone works

What were the objectives of the British economic policies in India?

To make India a supplier of raw materials for British industries and a big market for finished industrial products from Britain

When did India gain independence from British rule?

15 August, 1947

Who were some of the economists who attempted to measure India’s national and per capita income?

Dadabhai Naoroji, William Digby, Findlay Shirras, V. K. R. V. Rao, R. C. Desai

Learn about the condition of the Indian economy before British rule and its self-reliant and prosperous nature, with a focus on agriculture and handicraft industries.

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