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Indian Economy on the Eve of Independence Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year

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FAQs on Indian Economy on the Eve of Independence Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year

1. What was the state of Indian economy on the eve of independence?
Ans. The Indian economy on the eve of independence was characterized by a colonial structure, with limited industrialization, a predominantly agricultural base, and a low per capita income.
2. What were the major challenges faced by the Indian economy during independence?
Ans. The major challenges faced by the Indian economy during independence were poverty, unemployment, low agricultural productivity, inadequate infrastructure, and a weak industrial base.
3. How did India achieve economic growth after independence?
Ans. India achieved economic growth after independence through a combination of state-led planning, import substitution policies, and investment in key sectors like agriculture, industry, and infrastructure.
4. What were the major economic policies adopted by the Indian government after independence?
Ans. The major economic policies adopted by the Indian government after independence were the Five-Year Plans, which emphasized state-led planning and development of key sectors like agriculture, industry, and infrastructure. Other policies included import substitution, the Green Revolution, and the liberalization of the economy in the 1990s.
5. What is the current state of the Indian economy?
Ans. The current state of the Indian economy is characterized by a growing middle class, a rapidly expanding service sector, and increased foreign investment. However, the country still faces challenges such as poverty, inequality, and a weak manufacturing sector. The COVID-19 pandemic has also had a significant impact on the Indian economy.
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