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What was the state of secondary sector of the Indian economy on the eve of independence short answer?
On the eve of independence in 1947, the secondary sector of the Indian economy was underdeveloped and largely stagnant. Industrialization was limited, with a heavy reliance on traditional industries like textiles, and most manufacturing was concentrated in small-scale, cottage industries. The British colonial policies had prioritized raw material extraction over industrial growth, resulting in minimal infrastructure and investment in manufacturing. Consequently, India faced significant challenges in transforming its industrial base post-independence.
Why is Australia considered a mixed economy?
One containing features of both capitalism and socialism. Australia is a mixed economy, ... Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking ... too, provides a striking illustration of the transition to a mixed economy ...
What are the features of cashless economy?
Cashless economy means state of economy in which all transactions are done through non cash medium. For example - Bank transfer, Cheque, card and net banking. Purpose of removing cash in an economy is to check tax evasion. Currently Singapore and Sweden are leading countries which have achieved cashless transaction of upto 60%.
Who controls a mixed economy?
The state controls a mixed economy!
What features of china's mixed economy show that it leans toward a command economy?
China's mixed economy exhibits features that lean toward a command economy through substantial state control over key sectors, including energy, telecommunications, and finance. The government implements five-year plans that dictate economic priorities and investments, reflecting centralized planning. Additionally, state-owned enterprises (SOEs) play a significant role in the economy, often receiving preferential treatment and support, which reinforces the government's influence over market dynamics. This combination of regulatory oversight and strategic direction showcases a strong command economy orientation within China's mixed economic framework.
What was State of Indian economy before independence?
Agriculture- The agriculture sector suffered from low productivity and stagnation was saddled with surplus labour.It contributed more than 50% of the national product. Poverty- Indian economy was shsttered economy on the eve of independence.poverty was all prevailing and wide-spread. Per capita income was very low.
What was the state of secondary sector of the Indian economy on the eve of independence short answer?
On the eve of independence in 1947, the secondary sector of the Indian economy was underdeveloped and largely stagnant. Industrialization was limited, with a heavy reliance on traditional industries like textiles, and most manufacturing was concentrated in small-scale, cottage industries. The British colonial policies had prioritized raw material extraction over industrial growth, resulting in minimal infrastructure and investment in manufacturing. Consequently, India faced significant challenges in transforming its industrial base post-independence.
Who called state directive principles as novel features of Indian constitution?
B r ambedkar
What holiday is celebrated on August fourteenth?
On August 14, 1947 the state of Pakistan gained Independence from the British Indian Empire
What did the Indian state do to promote industralisation after 1947?
The Indian state promoted industrialization after 1947 by giving incentives to businesses so that they would expand their operations. They also helped fund a number of infrastructure projects which further helped the economy.
What features made rhode islands economy successful?
It has a big shoreline for a small state. Ships can reach a good part of the state to deliver goods or ship them.
Who is the president of british during the independence of India?
Britain is a constitutional monarchy and the head of state is HM the Queen. Immediately prior to Indian independence, George VI was the King of England and the Emperor of India.
What is Sarojini Naidu known for?
Sarojini Naidu is an Indian poet and Indian independence activist. She is known as being the first Indian woman to be President of the Indian National Congress as well as the first Governor of the state of Uttar Pradesh. India celebrates her birthday as Woman's Day.
Why is Australia considered a mixed economy?
One containing features of both capitalism and socialism. Australia is a mixed economy, ... Australia is a mixed economy, with major state-owned enterprises in communications, transport, banking ... too, provides a striking illustration of the transition to a mixed economy ...
When was State of Independence created?
State of Independence was created in 1981.
In which Indian state Lahore was Was it in Bihar or Was is the part of Pakistan itself?
Lahore is in Pakistan. There is no place in India called Lahore. Before independence, Lahore was a part of India.
What is the economy of Washington state?
is the basis of Washington state economy is wildressources
