Practicing Success
Practicing Success
CUET Preparation Today
| The Indian economy was independent before the advent of the colonial rule. Even though agriculture was the main source of livelihood for majority of people, the country’s economy was characterised by various kinds of manufacturing activities. India was particularly well known for its handicraft industries. Under colonial rule, the country’s world famous handicraft industries declined. Although modern industry began to take root in India during the second half of the nineteenth century, but its progress remained really slow. There was hardly any capital goods industry to help promote industrialisation in our country. The colonial regime did make certain contributions and developments in the country in the areas like infrastructure. But the real motive behind these developments was to serve various colonial interests. |
| What was the contribution of the industrial sector to the Gross Domestic Product (GDP) during colonial rule? |
Very small Moderate Huge Negative effect |
| Very small |
| The growth rate of the industrial sector and its contribution to the Gross Domestic Product (GDP) or Gross Value Added remained very small. |
