11th Economics Chapter 1
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– State of the Indian economy in 1947
– Summary: Students will learn about the Indian economy's status at the time of independence in 1947.
– Factors leading to underdevelopment and stagnation of the Indian economy
– Summary: This topic covers the factors that resulted in the underdevelopment and stagnation of the Indian economy.
– Low level of economic development under colonial rule
– Summary: Students will understand how India's economy remained at a low level of development during the colonial rule, despite having an independent economy before British rule.
– Industrial sector under colonial rule
– Summary: This topic delves into the challenges faced by the industrial sector in India under colonial rule, detailing the decline of indigenous industries and the limited progress in modern industrial development.
– Challenges at the time of independence
– Summary: Students will explore the significant economic challenges faced by India at the time of independence, including issues in agriculture, industry, infrastructure, and welfare policies.
– Conclusion on the impact of British colonial rule
– Summary: This section summarizes the effects of British colonial rule on the Indian economy, emphasizing the challenges faced by various sectors such as agriculture, industry, trade, and infrastructure at the time of independence.
What was the primary objective of the British colonial rule in India?
The primary objective of the British colonial rule in India was to reduce the country to being a raw material supplier for Great Britain's industrial base.
Describe India's economy before the advent of British rule.
India had an independent economy characterized by various kinds of manufacturing activities, particularly well known for handicraft industries in textiles, metal, and precious stones.
Why did the British colonial rule in India bring about a fundamental change in the structure of the Indian economy?
The British colonial rule transformed the Indian economy into a supplier of raw materials and consumer of finished industrial products from Britain, rather than focusing on the development of the Indian economy.
What were some notable estimators of India's national and per capita income during the colonial period?
Some notable estimators of India's national and per capita income during the colonial period included Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, and R.C. Desai.
How did the decline of indigenous handicraft industries in India impact the economy under colonial rule?
The decline of indigenous handicraft industries in India led to massive unemployment, created a new demand in the Indian consumer market, and increased imports of cheap manufactured goods from Britain.
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