Which of the following was a feature of the Indian economy before British rule?

Question

Question

This question was previously asked in

SSC CHSL Exam 2024 Tier-I Official Paper (Held On: 02 Jul, 2024 Shift 4)

Answer 1

The correct answer is Independent economy.

Key Points

Independent economy was a major feature of Indian economy before British rule.
Indian economy was independent and self-sufficient before British rule, consisting of various types of agriculture, handicrafts, and trade.
India was a major exporter of various textiles, spices, and other products, making it a strong and prosperous economy.
Local cottage industries and handicraft industries were the backbone of the Indian economy, providing employment in rural and urban areas.
With the advent of British rule, the structure of the Indian economy underwent significant changes, making it dependent and vulnerable.

Additional Information

During British rule, the Indian economy was exploited and restructured to suit British economic interests.
Many local industries and handicrafts were destroyed or weakened, leading to increased poverty and unemployment.
Indian economy became overly dependent on agriculture, and farmers were forced to cultivate cash crops, leading to food crisis.
During this period, the development of manufacturing and industry in the Indian economy was hampered, and the overall economic condition of the country weakened.