what was the state of primary sector of the indian economy on the eve of independence?
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Primary sector had fuedal and semi fuedal institutions , surplus labour which then also leaded to low productivity. There was no positive result whenever any new technology was tried. We can also say that India was backward than all other countries means to say each country was busy achieving new goals but India did not show intrest or we can say that if efforts were made they were not up to the optimum. Every new machine touched India later than the developed foreign countries.
For example: If we take contries then they issued top notch machines in a good lot and earlier than India Barzil and China they were growing at a relatively fast rate than India. Therefore by this comparison wee can say that Indian economy was very slow in achieving success over technology and in other fields also.
For example: If we take contries then they issued top notch machines in a good lot and earlier than India Barzil and China they were growing at a relatively fast rate than India. Therefore by this comparison wee can say that Indian economy was very slow in achieving success over technology and in other fields also.
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On the fateful day of 15th August 1947, the Indian Economy was nothing like it is today. The vast majority of the population depended on the primary sector for livelihood. This included agriculture work, mining, fishing and forestry. However due to very limited technology introduced in India, all of these industries were light years behind the rest of the world in terms of both efficiency and income generation.
Most of this industry was actually owned by a very small pocket of rich and powerful people. This included the princes, Maharajas and other people closed to the British Colonial government who had prospered under them.
Most of this industry was actually owned by a very small pocket of rich and powerful people. This included the princes, Maharajas and other people closed to the British Colonial government who had prospered under them.
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