British technology was not viable in India because of ________
labour surplus
capital surplus
Neither A or B
Both A and B
British technology was capital intensive and labour saving and not viable in India because of labour surplus.
Indian agriculture is typically characterised as a) land-scarce and labour surplus economy b) land scarce and labour scarce economy c) land surplus and labour scarce economy d) land surplus and labour surplus economy
Do you think that a surplus in capital account BoP reflects the prosperity of the nation?
India had a large export surplus under the colonial rule. However, the Indian economy did not benefit from this. Why?