WORLD WAR II
DECOLONIZATION PHASE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India remained a socialist economy and put most of its resources into improving agriculture.
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India moved toward a market economy and expanded in areas like information technology.
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India moved toward a market economy and encouraged people to move away from the large cities.
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India remained a socialist economy and the government provided people with high-paying jobs.
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Detailed explanation-1: -Technology has played a pivotal role in the growth of the Indian economy. From the agricultural sector to the manufacturing sector, technology has helped improve productivity and efficiency. In the agricultural sector, for instance, technology has helped farmers increase yield and decrease input costs.
Detailed explanation-2: -India is already the fastest-growing economy in the world, having clocked 5.5% average gross domestic product growth over the past decade. Now, three megatrends-global offshoring, digitalization and energy transition-are setting the scene for unprecedented economic growth in the country of more than 1 billion people.
Detailed explanation-3: -Information technology in India has also made the management and delivery of government services (such as consumer rights, health services, etc.) more effective by improving transparency. The role of IT in India’s economic development is unprecedented across the economies of the world.
Detailed explanation-4: -Answer: The British supplied new technology which created more jobs thus the Indians got more money through more job availability, as people were hired to work for the trading company. This brought about an economic change in the society.