CBSE · Class 11 · Economics · Indian Economy on the Eve of IndependenceWhat was the state of the Indian economy on the eve of independence?
The Indian economy on the eve of independence was stagnant, backward, and agricultural-dominated due to two centuries of British colonial rule. Agriculture was plagued by low productivity, stagnation, and lack of technology, while the industrial sector suffered from systematic de-industrialization. Foreign trade was heavily exploited to feed British industries with raw materials and market finished British goods. Consequently, the economy exhibited rampant poverty, unemployment, and massive infrastructural deficits, setting the stage for planned economic development post-independence.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy on the Eve of Independence.
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy on the Eve of Independence.
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy on the Eve of Independence.