SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Indian Economy On the Eve of Independence - 1
Indian Economy On the Eve of Independence - 1 Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
FAQs on Indian Economy On the Eve of Independence - 1 Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What was the state of the Indian economy on the eve of independence? |  |
Ans. On the eve of independence, the Indian economy was characterized by poverty, low industrialization, agricultural dominance, and economic exploitation by the British colonial rule. The majority of the population was engaged in agriculture, and there was a lack of infrastructure and modern industries.
| 2. How did the Indian economy change after gaining independence? | |
Ans. After gaining independence, the Indian economy underwent significant changes. The government implemented various economic policies to promote industrialization, reduce poverty, and achieve self-sufficiency. The focus shifted towards planned development, with the establishment of industries, development of infrastructure, and land reforms to improve agricultural productivity.
| 3. What were the major challenges faced by the Indian economy on the eve of independence? | |
Ans. The major challenges faced by the Indian economy on the eve of independence included widespread poverty, low industrialization, limited infrastructure, economic exploitation by the British, unequal distribution of wealth, and an agrarian economy heavily dependent on monsoons.
| 4. How did the Indian government tackle poverty and inequality in the post-independence era? | |
Ans. The Indian government implemented various poverty alleviation programs and policies to tackle poverty and inequality post-independence. Initiatives like land reforms, rural development programs, reservation policies for disadvantaged communities, and the establishment of public sector enterprises aimed to uplift the marginalized sections of society and reduce income disparities.
| 5. What were the key factors that contributed to the growth of the Indian economy after independence? | |
Ans. The key factors that contributed to the growth of the Indian economy after independence were the adoption of planned economic development, focusing on industrialization, implementation of economic reforms, investment in infrastructure, emphasis on education and skill development, and the entrepreneurial spirit of the Indian population. These factors played a crucial role in transforming India from an agrarian economy to a developing industrialized nation.
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