Which statement best describes the economy of India in the late 1700s?
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It was fully dependent
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The economy of India under the rule of British Raj in the years of 1857-1947. During this period, the economy of India happened to remain stagnant growing at a very slow rate of 1.2% going with the population. Also during this period, deindustrialisation was experienced in India. India had lower per capita-income during the British era compared to the Mughal era. Levels of urbanization were lowered due to a decline in the secondary sector which was large.
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