Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

What is essential for assessing the development of the Indian economy after independence?

Options:

Analyzing India's political stability

Understanding the exploitative nature of British colonial rule

Examining the impact of globalization

All of the above

Correct Answer:

Understanding the exploitative nature of British colonial rule

Explanation:

The sole purpose of the British colonial rule in India was to reduce the country to being a raw material supplier for Great Britain’s own rapidly expanding modern industrial base. An understanding of the exploitative nature of this relationship is essential for any assessment of the kind and level of development which the Indian economy has been able to attain over the last seven and half decades.