Question

explain the main features of indian economy at the time of independence

Answer 1

Major Features of Indian Economy at the time of Independence:
1. The agricultural sector suffered from various setbacks, immediately at the time of Independence.
2. The occupational structure in India, at the time of Independence, can be termed as unbalanced.
3. On the demographic front, the condition of India was very poor. India was experiencing very high birth rate as well as high death rate.
4. The colonial rule left the population of India in a poor and impoverished state. There were the Zamindars that prospered under the colonial rule and accumulated huge wealth. As a result, there existed high income inequality in the country.