Question

Give reasons why India was backward economy before British rule.​

Answer 1

Answer:

First, in recent years, India's agriculture has been hit by crop failure and low profits. ...

Second, about one-third of India's population is below the international poverty line, which makes it difficult to drive domestic consumption.

Answer 2

Answer:

There are many reasons for India's sudden economic decline.

First, in recent years, India's agriculture has been hit by crop failure and low profits. From June to September this year, there were severe droughts in some areas of India.  

Second, about one-third of India's population is below the international poverty line, which makes it difficult to drive domestic consumption.  

Third, India's oil is highly dependent on imports. In the fiscal year of 2015-2016, India's oil import dependence was 80.6 percent, which jumped to 84 percent in the fiscal year of 2018-2019. Therefore, the recent sharp rise in international oil price has imposed a serious impact on India's economy.  

Fourth, India's backward infrastructure and complex business environment have not only restricted foreign capital from entering India, but also failed to stop India's own capital flowing out.

Explanation: