Indian economy on the eve of independence.
Understand the Problem
The text discusses the Indian economy on the eve of independence, focusing on its historical context, development levels, craftsmanship, and economic policies during British rule. It highlights various industries and the impact of colonialism on economic status.
Answer
British exploitative policies led to India's economic stagnation and underdevelopment.
The Indian economy on the eve of independence was characterized by stagnation and underdevelopment, primarily due to exploitative British economic policies. India was historically known for its high-quality handicrafts, especially in textiles, but colonial rule reduced it to a feeder economy for Britain.
Answer for screen readers
The Indian economy on the eve of independence was characterized by stagnation and underdevelopment, primarily due to exploitative British economic policies. India was historically known for its high-quality handicrafts, especially in textiles, but colonial rule reduced it to a feeder economy for Britain.
More Information
The Indian economy was mostly agrarian and was exploited to serve British economic interests. Renowned industries like textiles suffered due to preferential treatment towards British goods, leading to economic stagnation.
Tips
One common mistake is not recognizing the depth of the transformation caused by colonial policies, which reshaped India's economic landscape drastically.
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