MindMap Gallery STATE OF INDIAN ECONOMY ON THE EVE OF INDEPENDENCE

STATE OF INDIAN ECONOMY ON THE EVE OF INDEPENDENCE

On the eve of India's independence, the agriculture sector was stagnant due to backward technology and unequal land distribution, resulting in low agricultural output and difficult living conditions for farmers. The industrial sector had a weak foundation, lacked modern equipment and technology, and was highly dependent on imports. In terms of foreign trade, exports were mainly raw materials, while imports were dominated by industrial products, leading to a severe trade deficit.

Edited at 2025-03-16 05:25:34
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