The structure of the Indian economy on the eve of independence.
Understand the Problem
The question is discussing the structure of the Indian economy at the time of independence, particularly how it evolved over 200 years under colonial rule, which led to its current status as a developing country.
Answer
India's economy at independence was agrarian, with low industrialization, collapsed handicrafts, and widespread poverty due to colonial exploitation.
The Indian economy on the eve of independence was characterized by its reliance on agriculture, the collapse of handicrafts, minimal industrialization, low national wealth, and significant poverty. British colonial policies had left India economically backward and dependent on imports.
Answer for screen readers
The Indian economy on the eve of independence was characterized by its reliance on agriculture, the collapse of handicrafts, minimal industrialization, low national wealth, and significant poverty. British colonial policies had left India economically backward and dependent on imports.
More Information
The Indian economy was heavily shaped by colonial rule, with a focus on raw materials export and the suppression of local industries.
Tips
Avoid assuming the economy was self-sufficient before independence; it largely served British interests.
Sources
- Indian Economy on the eve of Independence - GeeksforGeeks - geeksforgeeks.org
- Indian Economy on the Eve of Independence - Unacademy - unacademy.com
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