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Transcript

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The Indian Economy on The Eve Of Independence

By Augustine and Team

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Agenda

The Introdution

To make the topic easier i have divided it to 3 topics :-

1. The pros of infrastructure under colonial regime

2. The cons of infrastructure under colonial regime

3. The conclusion

Infrastructure

The pros of infrastructure under colonial regime

Infrastructure:- Infrastructure can be referred to the basic physical operations of a nation or a business, such as communication, transportation, water, sewage, etc. This operation can be highly expensive investments and an important aspect of the economic development of a country.

This means that infrastructure is a basic need of a country. Infrastructure is very important as it speeds up the economic growth and alleviation of poverty in the country.

The Advantages

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1. During the colonial period in India, the basic infrastructure such as water transport, railways, post & telegraph, and ports were developed.

2. The introduction of the railway in the year 1850 was one of the most important contributions of the British.

3. The colonial regulation also took steps for improvement of the sea lanes and inland trade.

4. Commercial agriculture

It changed the outlook of the farmers

Farming proved to be a profitable venture rather than merely

a means of subsistence.

The Cons

The cons of infrastructure under colonial regime

1. Road constructed were not fit for modern India, couldn’t connect rural areas, and shortage of well-constructed road, especially in the rainy season, was the drawback.

2. the postal services, though it was useful assistance for the society, it remained insufficient.

3. The basic infrastructure such as water transport, railways, post & telegraph, and ports were developed, but to serve the colonial interest rather than serving the common people.

4. The inland waterways were sometimes proven uneconomical

The End

The Conclusion

By the time india won its independence the impact of colonial rule were showing. The agriculture sector had surplus labour and extremely low productivity. The industrial sector needed modernization, diversification, capacity, building and increased public investment.So to conclude To conclude,

Not only was the industrial and agricultural sectors of the country affected but so was the foreign trade. Foreign trade plays a crucial role in the development and earnings of a country. Although it is great to be a self-sustaining and independent country, foreign trade and globalization are critical to a country’s success. Indian economy on the eve of independence in relation to the foreign trade was very poor. Due to the rules imposed by the British, none of India’s products or skills had any recognition. And hence, adversely affecting the structure, composition and volume of the country’s foreign trade and income. I would like to end my presentation by thanking Gajalaxmi ma'am for giving us this opportunity my team for supporting me to make it sucessful

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