At the time of Independence, what was the major characteristic of India's economy?

Correct option is C

• Agriculture Dependency: Agriculture was the backbone of the Indian economy, contributing significantly to GDP and employment.

• Low Industrialisation: At the time of independence, India had only a few industrial establishments, primarily focused on textiles and raw material processing.

• Poverty and Inequality: India faced widespread poverty, low literacy rates, and economic inequality, with the rural economy suffering from underinvestment and outdated practices.

• Colonial Impact: The British colonial rule had drained India’s resources, focusing on the extraction of raw materials and leaving the Indian economy underdeveloped in terms of industry and infrastructure.

• Lack of Modernization: India’s agricultural practices were outdated, and there was a lack of modern technology and capital to promote industrial growth.

• Focus on Economic Reforms: Post-independence, the government took steps to promote industrialisation and modernization of the economy, focusing on public sector enterprises and state-driven economic development.