1 Indian Economy on eve of Independence
CHAPTER 1
INDIAN ECONOMY
ON THE EVE OF
INDEPENDENCE
On the eve of independence, India possessed low level of economic
development and stagnant economy under the colonial rule.
Colonial Rule: It refers to a system between two countries under
which one country is the colony and the ruling country determines
the economic policies of the colony.
In India, the colonial rule stays for around 200 years (1757 – 1947)
under which the British exploited the Indian country.
Download RKG INSTITUTE App from Play store || www.rkginstitute.com | 9315230704 |9625069819
,2 Indian Economy on eve of Independence
Agriculture was the main source of employment and livelihood for the
1. people of our country. Around 85% economy derived their livelihood
directly or indirectly from agriculture.
The farmer raised only those crops which he needed for his own use and shared
2.
the same with the village artisan who supplied him with simple manufacture that
he needed for his domestic consumption.
Download RKG INSTITUTE App from Play store || www.rkginstitute.com | 9315230704 |9625069819
, 3 Indian Economy on eve of Independence
India was famous for its handicraft industries all over the globe.
3.
Indian was an independent, self-reliant and prosperous economy.(
4. 'Sone Ki
chidia')
Download RKG INSTITUTE App from Play store || www.rkginstitute.com | 9315230704 |9625069819
CHAPTER 1
INDIAN ECONOMY
ON THE EVE OF
INDEPENDENCE
On the eve of independence, India possessed low level of economic
development and stagnant economy under the colonial rule.
Colonial Rule: It refers to a system between two countries under
which one country is the colony and the ruling country determines
the economic policies of the colony.
In India, the colonial rule stays for around 200 years (1757 – 1947)
under which the British exploited the Indian country.
Download RKG INSTITUTE App from Play store || www.rkginstitute.com | 9315230704 |9625069819
,2 Indian Economy on eve of Independence
Agriculture was the main source of employment and livelihood for the
1. people of our country. Around 85% economy derived their livelihood
directly or indirectly from agriculture.
The farmer raised only those crops which he needed for his own use and shared
2.
the same with the village artisan who supplied him with simple manufacture that
he needed for his domestic consumption.
Download RKG INSTITUTE App from Play store || www.rkginstitute.com | 9315230704 |9625069819
, 3 Indian Economy on eve of Independence
India was famous for its handicraft industries all over the globe.
3.
Indian was an independent, self-reliant and prosperous economy.(
4. 'Sone Ki
chidia')
Download RKG INSTITUTE App from Play store || www.rkginstitute.com | 9315230704 |9625069819
