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Page 1 Indian Economy on the Eve of Independence Status Before British Rule Independent and Prosperous Agriculture as Main Livelihood Renowned Handicraft Industries Objectives of British Policy Protection of British Economic Interests T ransformation of India Supplier of Raw Materials Market for British Goods Estimation of National Income Dadabhai Naoroji William Digby V. K. R. V. Rao R. C. Desai Agriculture Sector Agrarian Economy Stagnation and Low Productivity Causes Land Settlement System Revenue Settlement System Primitive T echniques Commercialisation of Agriculture Lack of Investment Industrial Sector Systematic Deindustrialisation Destruction of Handicraft Industry Slow Growth of Modern Industries Lack of Capital Goods Industry Limited Role of Public Sector Foreign T rade Change in Composition and Direction Volume and Structure of T rade Drain of Indian Wealth Demographic Condition Uneven Population Growth Low Literacy Levels Poor Public Health Facilities High Mortality Rates Extensive Poverty Occupational Structure Agriculture Sector Dominance Limited Manufacturing and Services Regional Variations Infrastructure Development for Colonial Interests Railways, Roads, Waterways Post and T elegraph Conclusion Challenges at Independence Overcrowded Agriculture Sector Lack of Industrial Base Foreign T rade Orientation Need for Infrastructure Upgradation Prevalence of Poverty and UnemploymentRead More
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