Economy, asked by Anonymous, 6 months ago

what is state of the indian economy on the eve of independence......please no spams ........!!​

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Answered by Anonymous
2

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Back then, before 1947, over 95% of the country's income came from its agricultural activity. And over 85% of the country's population lived in villages where livelihood completely depended on agriculture. The Indian economy on the eve of independence with respect to agriculture was disheartening.

On the eve of independence, our Indian economy was known to be in an agro-state. Despite being a primary mean of livelihood, India's agriculture sector was in a rapid decline. One of the main reasons behind it being scattered land owned by different individuals which made it even harder for cultivation.

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