explain the main features of Indian economy at the time of independence?
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Salient Features of Indian Economy
India, as a developing country, features a mixed economy in the world. ...
Low Per Capita Income:
The per capita income of India is much less than that of the developed countries. ...
Agro-Based Economy:
Indian economy is totally agro-based economy. ...
Overpopulation:
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On the eve of independence, Indian economy was underdeveloped economy. As an underdeveloped economy, Indian economy had the following features: (i) Low Per Capita Income: Underdeveloped economies have low per capita income.
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