Question

What percent of Indians working population was engaged in second and territary sector during British rule​

Answer 1

Answer:

* The sole purpose of the British colonial rule in India was to reduce the country to being a feeder economy for Great Britain’s own rapidly expanding modern industrial base.

* Conditions in the Indian economy on the eve of independance

(i) Law level of economic development : the colonial govt, never made any sincere attempt to estimate India’s national and percapita income. The estimates given by Dr. Rao - growth of GDP was only 2% while the growth of percapita output was just 1/2 (0.5) percent.

(ii) Backward agricultural sector : Due to

A. Land tenure system - Zamidari system, Mahalwari system and Ryotwari system.

B. Forced commercialisation of Agriculture

C. Partitian of the country.

(iii) Less developed Industrial sector

A. De-industrialisation - decline of Indian handicraft industry.

B. Capital good industries were lacking

C. Limited operation of public sector

D. Discriminatory tarrif policy.

(iv) Unfavourable foreign trade :

(A) Net exporter of raw material and importer of finished good.

B. Britain had monopoly control on foreign trade.

C. Drain of India’s wealth.

(v) Adverse demographic condition :

A. High death rate - 40 per thousand.

B. High infant martality rate - 18 per thousand.

C. Mass Illiteracy - 83% illiterate.

D. Low life expectancy - 32 years

E. Low standard of living - people used to spend 80% to 90% of their income on basic needs.