Consider the following statement :
“For most of the period when it was under British Crown rule, India had an export surplus and yet its foreign liabilities increased.”
Which of the following can be said about this statement?
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The Indian economy before and after independence has come up 30 times in 4 exams since 2010.
This question is on Colonial drain of wealth and de-industrialisation, part of The Indian economy before and after independence in Indian Economy.
How British rule transferred resources out of India and weakened its traditional industry.
TestStop has 11 past-paper questions on this subtopic.
Question from the JNU SSS 2015 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.