Economy Prelims Question

The British left the country in poverty and underdevelopment, when they handed over power to Indian government in 1947. Because of the historical reasons, the Indian economy could not rise from its traditional level of functioning. It remained an agrarian economy and industrially backward. There was no development in new technology and technological upgradation.
Lack of modern technology is a major reason for Indian economy to suffer from low productivity in agriculture and lack of industrial development.
At the time of independence and for many more years after that, agriculture was the major contributor to India’s GDP, because of underdeveloped industrial and service sectors. Combined with the lack of better education and skill development of the population, the occupational structure has also remained biased towards agriculture.

The British left the country in poverty and underdevelopment, when they handed over power to Indian government in 1947. Because of the historical reasons, the Indian economy could not rise from its traditional level of functioning. It remained an agrarian economy and industrially backward. There was no development in new technology and technological upgradation.
Lack of modern technology is a major reason for Indian economy to suffer from low productivity in agriculture and lack of industrial development.
At the time of independence and for many more years after that, agriculture was the major contributor to India’s GDP, because of underdeveloped industrial and service sectors. Combined with the lack of better education and skill development of the population, the occupational structure has also remained biased towards agriculture.

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