Q. Consider the following statements regarding the Indian economy under colonial rule:
- Per capita income growth was around 1.2% annually.
- Industry contributed less than 15% of GDP.
- Agriculture employed about 70% of the workforce.
Which of the above is / are correct?
Answer:
Only 2 & 3
Notes: Per capita income growth during colonial rule was approximately 0.5% annually, not 1.2%. Industry's share in GDP was typically less than 15%. Agriculture was the predominant sector, employing about 70% of the workforce. Thus, only statements 2 and 3 are correct.