GK
INDIAN ECONOMY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What was the nature of the Indian economy on the eve of independence?
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Backward
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Stagnant
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Underdeveloped
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All of the above
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Explanation:
Detailed explanation-1: -The Indian economy was an agro-based economy on the eve of independence. 75% of the Indian population was earning a livelihood from agriculture. Despite being a primary source of income for a major population, this sector faced a decline under the British rule.
Detailed explanation-2: -At the time of independence, Indian economy was predominantly agricultural economy. irrigation purposes. No improved methods of production were used to cultivate crops.
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