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What was the nature of the Indian economy on the eve of independence?
Stagnant
Backward
Underdeveloped
All of these
- Stagnant: The Indian economy had minimal growth before independence. Social and political issues hampered economic progress, making it stagnant over the years.
- Backward: The economy was primarily agrarian and used outdated techniques. Industry was not well-developed, and it lacked infrastructure development.
- Underdeveloped: Economic indicators showed low productivity and income levels. There was also inadequate investment in healthcare, education, and industry.
- All of these: The economy exhibited characteristics of stagnation, backwardness, and being underdeveloped.
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