Question

Briefly explain the main features of indian economy at the time of independence

Answer 1

Major Features of Indian Economy at the time of Independence:
1. The agricultural sector suffered from various setbacks, immediately at the time of Independence.
2. The occupational structure in India, at the time of Independence, can be termed as unbalanced.
3. On the demographic front, the condition of India was very poor. India was experiencing very high birth rate as well as high death rate.
4. The colonial rule left the population of India in a poor and impoverished state. There were the Zamindars that prospered under the colonial rule and accumulated huge wealth. As a result, there existed high income inequality in the country.
5.POVERTY AND INEQUALITY, BACKWARD AGRICULURE SECTOR,INFANT INDUSTRIAL SECTOR
UNBALANCED OCCUPATION STRUCTURE

THUS INDIAN ECONOMY IS FALL AT THAT TIME ............

Answer 2

Explanation:

Stagnant economy: There was very slow or no economic growth in the country. As a result of stagnation, there was unemployment, death, and suffering due to lack of food. ... Backward economy: Indian economy was a backward and per capita income was very low and in India, it was just Rs. 230 from 1947-1948.