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Indian Economy on the Eve of Independence - Coggle Diagram
Indian Economy on the Eve of Independence
Agricultural Sector
85% of the country s population lived mostly in villages
Stangnant
Low agricultural productivity (due to land settlement systems)
Backward
Introduction of Land Revenue System
Forceful Commercialization
Lack of Irrigation Facilities
Lack of organized market
Lack of mordern techniques
Problems
Indebtness
No investment
Famine
Desalination of soil
Policies of Colonial Rules
Transforming India as a supplier of raw material: Forced production to serve as raw material - Resulted in food grain shortage - Affected agriculture sector. Finished products imported - Affected manufacturing sector
Land Settlement System: Collected huge amount of rent from cultivators - Degraded the economic condition of the poor farmers
3.Commercialisation of Agriculture
Systematic deindustrialization
5.Monopoly Control over trade