Question

Chapter - 1.Indian Economy on the eve of independence.

(Indian Economics)

Ques= State the level of economic development in india on the eve of independence.

(Long Answer Type Question of 6 marks)

No spamming plz

Answer 1

The level of economic condition developments in India on the eve of independence are as follows

1) No sincere attempts was made by British government to estimate India's national income and per capita income.

2) Individuals attempnts were made by some experts like Dada-bhai-Naroji, William dickby, VKRV Rao and RC desai. but they produce inconsistent results

3) Estimates of Dr Rao on national and per capita incomes were considered very significant.

4) During first half of 20th century GDP growth was less than 2% and per capita growth was nearly 0.5%pa

Agricultural sector

85% of country's population lived mostly in villages and derived livelihood directly or indirectly from agriculture but during this period india was not self sufficient in food grains.

Land revenue system

Britishers introduce zamindari system under this zamindars were made owners of land and were required to pay the government a fixed amount as land revenue date depositing of land revenue was also fixed. they were free to charge as much as from cultivators.

use of old technology

The technology used in agriculture was old lacking of irrigating facilities and negligible use of fertilisers were responsible for low level of agricultural productivity.

problem due to partition

India got 82% of population and only 65% of food grain producing areas Rich food producing areas of west Bengal, Punjab and sindh went to Pakistan.

Answer 2

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Our economy had been a victim of enormous exploitation. Our natural resources, iron ores, gold mines, wealth and manpower was subject to intense exploitation. Due to these atrocities, the Indian economy on the eve of independence showed poor/low economic growth. The Indian economy was an agro-based economy on the eve of independence. 75% of the Indian population was earning a livelihood from agriculture. Despite being a primary source of income for a major population, this sector faced decline under British rule.

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