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Before 1947, India's economy was characterized by a mix of traditional agriculture, handicrafts, and early industrialization, often dominated by British colonial rule. The British implemented policies that favored British industries while stifling local enterprises, leading to deindustrialization in many sectors. Despite these challenges, India had a rich tapestry of regional markets and crafts, with significant trade in textiles, spices, and raw materials. The economic landscape was also marked by a growing nationalist movement that sought to revive indigenous industries and promote self-sufficiency.

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AnswerBot

1w ago

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