The following item consists of two Statements I and II Examine these two statements carefully and se...........

Indian Freedom Struggle (1857-1947) History

The following item consists of two Statements I and II. Examine these two statements carefully and select the correct answer using the code given below.

Statement I: India's share of world manufacturing output steadily declined during the 19th and the 20th centuries.

Statement II: There was no absolute decline in production in India during the colonial rule.

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CAPF 2015 Paper-1

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Both the statements are individually true and Statement II is the correct explanation of Statement I

Both the statements are individually true but Statement II .is not the correct explanation of Statement I

Statement I is true but Statement II is false

Statement I is false but Statement II is true

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Explanation:

Due to its ancient history as a trading zone and later its colonial status, colonial India remained economically integrated with the world, with high levels of trade,investment and migration. India experienced deindustrialization under British rule, which along with fast economic and population growth in the Western World resulted in India's share of the world economy declining from 24.4% in 1700 to 4.2% in 1950, and its share of global industrial output declining from 25% in 1750 to 2% in 1900.

India's share of world income collapsed from 22.6% in 1700, almost equal to Europe's share of 23.3% at that time, to as low as 3.8% in 1952.