Indian Economy on the Eve of Independence

Indian economy on the Eve of Independence

Indian Economy on the Eve of Independence

Points to remember :

1.  Colonial Exploitation of the Indian Economy under the British Rule

(i) Exploitation of Agricultural Sector

(ii) Exploitation of Industrial Sector

(iii) Exploitation of International Trade

2.   Features of Indian Economy on the Eve of Independence

(i) Stagnant Economy

(ii) Backward Economy

(iii) Agricultural Backwardness

(iv) Industrial Backwardness

(v) Rampant Poverty

(vi) Poor Infrastructure

(vii) Heavy Dependence on Imports

(viii) Semi-feudal Economy

3.  Agricultural Sector on the Eve of Independence

(i) Low Production and Productivity

(ii) High Degree of Uncertainty

(iii) Dominance of Subsistence Farming

(iv) Gulf between Owners of the Soil and Tillers of the soil

(v) Small and Fragmented Holdings

(vi) Land Revenue System under the British Raj

(vii) Forced Commercialisation of Agriculture

4.  Reasons for Decay of Handicrafts

(i) Discriminatory Tariff Policy of the State

(ii) Disappearance of Princely Courts

(iii) Competition from Machine-made products

(iv) New Patterns of Demand

(v) Introduction of Railways in India

5.  Foreign Trade under the British Rule

(i) Net Exporter of Primary Products and Importer of Finished Goods

(ii) Monopoly Control of India's Foreign Trade
(iii) Surplus Trade but only to Benefit the British

6.   Demographic Profile during the British Rule
(i) Birth Rate and Death Rate
(ii) Infant Mortality Rate
(iii) Life Expectancy
(iv) Literacy Rate

7.   Occupational Structure on the Eve of Independence

8.   Infrastructure on the Eve of Independence

I ensure you that if you only study my notes on this chapter, you will succeed in you exams with good marks

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