SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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0.8
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1.5
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0.5
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2.3
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Detailed explanation-1: -The rate of growth of per capita output per year during the first half of the twentieth century was only half percent (0.5 percent) per year during the first half of the twentieth century due to lack of self-sufficiency, lack of modernization, etc.
Detailed explanation-2: -By 1870, it had fallen to 12%, and by 1947 to 4%. India’s per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population. Per capita income growth from 1850 to 1900 is estimated to range from 0.75% to 1.25% annually.
Detailed explanation-3: -Annual percentage growth rate of GDP per capita based on constant local currency. GDP per capita is gross domestic product divided by midyear population.