Question

Discuss the principle cause of the backwardness of indian economy at the time of independence

Answer 1

LITTLE INDUSTRIAL AND DECLINE IN HANDICRAFTS
LOW AGRICULTURAL OUTPUT AND HIGH IMPORT OF GRAIN
LOW LEVEL OF CAPITAL INCOME AND NATIONAL INCOME WHICH GIVE US POVERTY AND SLOW ECONOMIC GROWTH

UNEMPLOYMENT AND UNDER EMPLOYEES
L9W STANDARD LIVING STATUS

Answer 2

Cause of the backwardness of Indian economy at the time of independence

Explanation:

There were many reasons for the backwardness of Indian economy at the time of independence such as-

• The first and most important reason is the exploitation of Indian resources by Britishers.
• Agricultural production was very low because outdated technology and means of production was used.

• Industrialization was slow , only few industries were established in our country at the time of independence.
• GDP and PCI was low which is indicator of economic growth of a country, hence indicating poor economic growth.
• Literacy rate was very low, which led to poor human resources.
• There was lack of physical as well as social infrastructure, which again caused backwardness of our country.

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Cause of the backwardness of Indian economy at the time of independence

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