SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Indian Economy on the Eve of Independence
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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