During India's colonial period, the economy was heavily reliant on agriculture. The development of the modern manufacturing sector was significantly restricted by the policies of the ruling colonial power. These policies often prioritized the extraction of raw materials and the sale of finished goods from the colonizing country, rather than fostering local industrial growth.
Consequently, the contribution of the manufacturing sector to India's national income and employment was notably small throughout the colonial era. Historical economic analyses indicate that its share was limited compared to agriculture.
Various historical estimates analyze the economic structure of Colonial India. Based on these analyses, the manufacturing sector's share of the economy was significantly low. The approximate figure representing this contribution is:
This low percentage underscores the limited industrial development experienced in India during that historical phase.
Which military officer led the British forces in the Battle of Chinhat fought in 1857?
Which of the following statements is/are correct regarding the Indian National Congress (INC)?
a) The INC was founded in 1885 by Allan Octavian Hume.
b) The first session of the INC was held in Pune under the presidency of WC Bonnerjee.