INDIA AT THE EVE OF INDEPENDENCE
INDIA was very rich in agriculture sector and was well known for it's Handicraft industries in fields of cotton and silk textiles.
BUT After British entered into India they took lots and lots of resources as raw materials from india to their home country and made india as the consumer of finished product of Britain.
No one took sincere attempt to estimate India's per capita income but only few person like VKRV Rao ,R.C.Desai were estimated but it showed lack of economic growth under colonial rule.
AND agriculture was in very backward condition, where the main motive of the colonial government is to collect the land tax and revenue from farmers with out bothering their crises on money for which they appointed some intermediaries like ZAMINDAR for collecting the money and surrendering it. To have some economical upgradation farmers changed their crop pattern from food crops to commercial crops like( cotton, jute etc...).
INDIA couldn't develope a sound industrial base under colonial rule.
During the second half of the nineteenth century modern industries began to take root in india like( Tata iron and steel industries)
But this was in very slow mode and it couldn't contribute more on GDP growth of india.
IN India there was no good health facilities during the colonial rule. So, there is high mortality rate and infant mortality rate was alarming about 218 per thousand and life expectancy was also very low(44 years only).
THE main occupation of the people living in india was based on agriculture and 80 to 85 percentage of workforce is on agriculture and remaining on service sector.
THE infrastructure like roadways, railways and canal are some of infrastructure which was developed in the period of colonial rule.
CONCULATION:
Finally there was no economical development of india under the colonial rule except the infrastructures like roadways and railway. And we are going to see how there is changing in the global economic scenario and the new economy policy was introduced in 1991 in upcoming summary by vigneshwaran.
By: vigneshwaran.v
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