Which one of the following statements is True for Indian economy under the British colonial rule?
Which one of the following statements is True for Indian economy under the British colonial rule?
Solution
✅ Correct Option: 4
Under colonial rule agriculture stagnated, the colonial government and zamindars made little effort to improve it, and modern industry made very limited progress. However, India did generate a large export surplus, which was drained away to Britain rather than benefiting the Indian economy. So statement 4 is true.
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