describe the various cause of industrial backwardness on the eve of independence ? long Ans plz
Answers
Answer:
Explanation:
The Indian economy comprises of all the production activities and distribution activities that relate to people. It also comprises of economic activities which related to people and hence determines their appropriate standard of living. However, in this article, we will discuss the status of the Indian economy on the eve of independence. It is important for every Indian to know that on the eve of our independence, the economy of the country was in a very bad shape. The end of the colonial rule left the nation in bits. We picked it up and placed it in order. This bad condition of the country was the outcome of every policy of the British. Since every policy that they were framing was constantly focusing on favouring their nation, we had very little left towards the end.
Therefore, in 1947, when nation.n British gave us back India to us, we took back our torn nation.INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
During the decades of British colonial rule in India, there were no efforts made to calculate India’s per capital income. Similarly, the British rulers never found it necessary to calculate our National Income or our Gross Domestic Product. Upon gaining independence, some Indian individuals did try to measure India’s incomes. But the attempts tragically failed due to inconsistency, lack of expertise and inaccuracy. But the contributions of VKRV Rao and Dadabai Naoroji was very significant in this field.
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. Immense efforts and knowledge were essential in order to move ahead.