Question

When India became Independent, it had____.

• A. low per capita income
• B. low saving and investment
• C. poor use of productive resources
• D. all of above

Answer 1

The correct option is D all of above

Nearly 85% of the country's population lived in villages where livelihood completely depended on agriculture. The Indian economy on the eve of independence with respect to agriculture was disheartening. The most important Indian sector was facing massive stagnation and continuous deterioration. Our economy had been a victim of enormous exploitation. Our natural resources, iron ores, gold mines, wealth and manpower was subject to intense exploitation. Due to these atrocities, the Indian economy on the eve of independence showed poor/low economic growth,low per capita income,no saving and investment.