Question

Explain any three changes that indian economy was facing at the time of independence

Answer 1

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.❤

Answer 2

Answer:

1. Changing Sectoral Distribution of Domestic Product.

2. Growth of Basic Capital Goods Industries.

3. Expansion in Social Overhead Capital

4. Progress in the Banking and Financial Sector

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