Class 11 Economics - Indian Economic Development - Chapter Indian Economy on the Eve of Independence NCERT Solutions | Which is regarded as the defining year t
Which is regarded as the defining year to mark the demographic transition from its first to the second decisive stage?
The year 1921 is regarded as the defining year or the 'Year of Great Divide' because prior to 1921, population growth in India was never consistent. India was in the first phase of demographic transition till 1921 that was characterised by high birth rate and high death rate. It implies a low survival rate (or low life expectancy), which was nearly 8 per thousand per annum. Therefore, the period before 1921 witnessed stagnant population growth rate. After 1921, India's population growth never declined and showed a consistent upward trend.
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Indicate the volume and direction of trade at the time of independence.
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Critically appraise some of the shortfalls of the industrial policy pursued by the British colonial administration.
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Name some notable economists who estimated India’s per capita income during the colonial period?
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Give a quantitative appraisal of India’s demographic profile during the colonial period.
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