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Indian Economic Development (1947-1990)
This deck covers the state of the Indian economy from independence in 1947 through four decades of planned development. It includes key concepts such as the impact of colonial rule, the establishment of the Planning Commission, and the goals and outcomes of India's five-year plans.
What was the primary objective of British colonial rule in India?
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Key Terms
Term
Definition
What was the primary objective of British colonial rule in India?
To reduce India to a supplier of raw materials for Britain's industrial base.
What were the main causes of agricultural stagnation during British rule?
The zamindari system, low technology, lack of irrigation, and minimal use of fertilizers.
What was the impact of the British economic policies on India's industrial sector?
India's handicraft industries declined without a modern industrial base to replace them.
How did the British influence India's foreign trade?
India became an exporter of primary products and an importer of British finished goods.
What was the demographic transition in India around 1921?
India transitioned from the first to the second stage of demographic transition.
What was the occupational structure of India during the colonial period?
About 70-75% of the workforce was in agriculture, with little change over time.
Related Flashcard Decks
| Term | Definition |
|---|---|
What was the primary objective of British colonial rule in India? | To reduce India to a supplier of raw materials for Britain's industrial base. |
What were the main causes of agricultural stagnation during British rule? | The zamindari system, low technology, lack of irrigation, and minimal use of fertilizers. |
What was the impact of the British economic policies on India's industrial sector? | India's handicraft industries declined without a modern industrial base to replace them. |
How did the British influence India's foreign trade? | India became an exporter of primary products and an importer of British finished goods. |
What was the demographic transition in India around 1921? | India transitioned from the first to the second stage of demographic transition. |
What was the occupational structure of India during the colonial period? | About 70-75% of the workforce was in agriculture, with little change over time. |
What was the role of the Planning Commission in post-independence India? | To plan and implement five-year plans for economic development. |
What were some limitations of the infrastructure developed by the British in India? | It primarily served colonial interests, like transporting raw materials to ports. |
What was the significance of the Suez Canal for British-Indian trade? | It provided a direct trade route, reducing transportation costs and increasing British control. |
What were the social and economic challenges India faced at independence? | Surplus labor in agriculture, low industrial productivity, and inadequate infrastructure. |