Q Which of the following economist estimated per capita income during colonial period
Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai are the economists who estimated India’s national income and per capita income during the colonial period. Among these estimations, Rao’s estimates were considered more significant.
What was the rate of growth of real output in our country during the first half of the twentieth century
The growth of the aggregate real output (GDP) was less than 2% during the first half of the 20th century and growth of per capita income was just 0.5%.
What was the percentage of population dependent directly or indirectly on agriculture
India's economy under British rule remained primarily agrarian - around 85% country's population lived in villages and derived livelihood directly or indirectly through agriculture.
Agriculture, with its allied sectors, is the largest source of livelihoods in India. 70 percent of its rural households still depend primarily on agriculture for their livelihood, with 82 percent of farmers being small and marginal. In 2017-18, total food grain production was estimated at 275 million tonnes (MT).
Reason for low productivity in agriculture sector
Low productivity in agriculture is due to low level of technology. In India farm farmers are still using poor and old agriculture technology of farming. in some areas farmer still do agriculture for survival
Capital goods industries are those
Capital goods industry means industries which can produce machine tools which are in turn used for producing articles for current consumption.
GDP stands for
The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy.
What is GDP
Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.
TISCO was incorporated in
Tata Iron and Steel Company was founded and established on 26 August 1907.
Identify the industries which were under the public sector during the colonial period
Railways industries which were under the public sector during the colonial period.
Which of the following contributed to the dismal level of agricultural productivity during the colonial times?
i) Low levels of technology,
ii) Lack of irrigation facilities
iii) Abundant use of fertilisers
The use of fertilizers was negligible. It also added up to aggravate the plight of the farmers.