Question

Discuss the principal cause of the backwardness of indian economy at the time of indian independence.

Answer 1

Answer:

The principal causes of backwardness of Indian economy at the time of independence are many. The most important one is the prolonged occupation by colonial powers . The second one is exploitation of resources by the same colonial power. There was no plan for the economic growth of the economy of India.

Answer 2

Answer:

India's backwardness counts on some important economic factors, like backward agriculture, under employment and unemployment, low produc tivity, low consumption, low G.N.P. growth, low income, over population, low rate of industrial development, etc.