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Who makes the economic decisions of India?
The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.
What are the objectives of economic policies in India?
The objectives of economic policies in India include promoting sustainable economic growth, reducing poverty and inequality, and enhancing employment opportunities. Additionally, these policies aim to stabilize prices, ensure balanced regional development, and improve the quality of life through better access to education, healthcare, and infrastructure. Furthermore, fostering a conducive environment for investment and innovation is crucial for long-term economic stability and growth.
How did the british destroyed the Indian economy and flourished their own?
The British systematically dismantled the Indian economy through policies that favored British interests, such as imposing high taxes on Indian goods while promoting British imports. They deindustrialized India by undermining local crafts and industries, leading to widespread unemployment and poverty. Additionally, the extraction of wealth through resources and agriculture was redirected to fuel British industrial growth, creating a dependency on British markets. This exploitation ultimately stifled India's economic development and led to long-term detrimental effects on its economy.
What economic system does India have?
The Indian economy is the world's twelfth largest according to market exchange rates. It is also the fourth largest economy by purchasing power parity (PPP) basis. From 1947 to 1991, the India Economic System was based on social democratic-based policies. The policies feature protectionism, extensive regulation and public ownership which led to slow growth and corruption. But the economy has moved to a market-based system with economic liberalization starting in 1991. The growth rate of the economy increased in 2000's with healthier economic reforms and policies. India became the second-fastest growing major economy in the world by 2008. In economic terms, India has a Mixed Market Economy - it uses a variety of government regulations to control the economy, but relies primarily on market forces to set pricing and demand and uses the general principles of capitalism.
When and why was economic reform measures initiated in India?
Economic reform measures initiated in India as a result in an increase in liberalization. Attempts were made to make India more of a socialist society after 1991.
What were the policies that helped british for expansion of british rule in India?
The expansion of British rule in India was facilitated by a combination of military, economic, and administrative policies. The British East India Company utilized military conquests and alliances to gain control over various Indian states. Economic policies, such as the imposition of taxes and the establishment of trade monopolies, weakened local economies and increased British influence. Additionally, the introduction of a centralized administrative system helped consolidate power and integrate diverse regions under British governance.
What 2 things did the British policies in India do?
British policies in India primarily aimed to exploit the country's resources for economic gain while enforcing colonial control. They led to significant infrastructural development, such as railways and telecommunication, but also resulted in widespread social and economic disruption, including famines and the decline of local industries. Additionally, these policies fostered nationalist sentiments, ultimately contributing to the struggle for independence.
One way the British promoted the spread of English in India was to enact educational political and economic policies that made English what?
the language of prestige
What were the british policies in india?
The policies are subsidary alliance,judiciary system,doctrine of lapse
How did british policy toward India change after the sepoy mutiny?
After the Sepoy Mutiny of 1857, British policy toward India underwent significant changes, leading to the end of the East India Company's rule. The British government took direct control of India, establishing the British Raj, which shifted governance to the Crown. This change aimed to stabilize the region and prevent future uprisings, resulting in a more centralized and bureaucratic administration. Additionally, British policies began to focus on economic exploitation and infrastructure development, ultimately impacting India's social and economic landscape.
What are the policies for an educational institute in India?
One of the policies for the educational institute in India is to be the academic equilibrium with the social ecological and economic environment. The aim of such policies is continuously ensure that there is excellence in education.
How did economic imperialism lead India into becoming a British colony?
No
Who was the last British Governor-General of India and list their policies?
C. Rajgopalachari
Who makes the economic decisions of India?
The economic decisions of India are made by the Ministry of Finance. The Ministry of Finance makes crucial decisions regarding taxation, import quotas and the formation of economic policies.
What is the historical significance of poverty and un-british rule in India?
The historical significance of poverty and un-British rule in India lies in their role in shaping the socio-economic landscape and fueling the struggle for independence. British colonization exploited India's resources, leading to widespread poverty and economic disparity, which contributed to social unrest and a growing nationalist movement. This exploitation galvanized various reformers and leaders, such as Mahatma Gandhi and Jawaharlal Nehru, who advocated for self-rule and economic justice. The resulting independence movement not only dismantled colonial rule but also laid the foundation for modern India's socio-economic policies and democratic governance.
What was the motive behind the systematic disindustrialisation in pre independent India?
The systematic disindustrialization in pre-independent India was primarily driven by British colonial policies aimed at exploiting India's resources and markets for Britain's economic benefit. The British dismantled India's traditional industries, particularly textiles, to promote British manufactured goods, leading to widespread unemployment and poverty. This strategy was intended to create a dependency on British imports, ensuring that India remained a supplier of raw materials rather than a competitor in industrial production. Ultimately, this disindustrialization was part of a broader strategy to maintain colonial control and economic dominance over India.
How far the policies of british paved way for the establishment of their supremarcy in India?
i don't no.BUY
