SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Indian Economy On the Eve of Independence - 2
Indian Economy On the Eve of Independence - 2 Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
FAQs on Indian Economy On the Eve of Independence - 2 Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What was the condition of the Indian economy on the eve of independence? |  |
Ans. On the eve of independence, the Indian economy was primarily agrarian and heavily dependent on agriculture. Industries were limited, and the country faced the challenges of poverty, unemployment, and low per capita income.
| 2. How did the Indian economy change after independence? | |
Ans. After independence, the Indian economy underwent significant changes. The government implemented various policies to promote industrialization, prioritize self-reliance, and reduce poverty. The Green Revolution increased agricultural productivity, and the country witnessed the growth of sectors like manufacturing, services, and infrastructure.
| 3. What were the major challenges faced by the Indian economy at the time of independence? | |
Ans. The major challenges faced by the Indian economy at the time of independence were poverty, unemployment, low industrial development, lack of infrastructure, and dependence on agriculture. The country also had limited foreign exchange reserves and faced the task of rebuilding the economy after years of British colonial rule.
| 4. How did the Indian government attempt to address the challenges of the Indian economy post-independence? | |
Ans. The Indian government implemented various policies to address the challenges of the Indian economy post-independence. These included the Five-Year Plans, which focused on industrialization, promoting agriculture, and reducing poverty. The government also introduced land reforms, nationalized key industries, and invested in infrastructure development.
| 5. What were the key factors that contributed to the growth of the Indian economy after independence? | |
Ans. Several factors contributed to the growth of the Indian economy after independence. These include the implementation of economic reforms, the adoption of a mixed economy model, investment in education and skill development, promotion of entrepreneurship, and the country's demographic dividend. Additionally, globalization and liberalization policies played a significant role in attracting foreign investment and boosting economic growth.
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