Class 11 Economics Chapter 1 Indian Economy on the Eve of Independence Solution

Chapter 1 of Class 11 Economics examines the state of the Indian economy at the time of independence from British colonial rule. It provides insights into the economic conditions prevailing in India before the country gained its independence.

The chapter begins by discussing the various sectors of the Indian economy, including agriculture, industry, and services. It highlights the dominance of the agricultural sector in terms of employment and contribution to the national income. It also examines the challenges faced by the agricultural sector, such as land ownership patterns, low productivity, and the prevalence of tenancy.

Furthermore, the chapter explores the industrial sector and its limited development during the colonial period. It examines the factors that hindered industrial growth, such as the drain of wealth, restrictive colonial policies, and the emphasis on raw material extraction rather than industrialization.