Growth Rate of Real Output – Colonial India
What was the growth rate of aggregate real output in India during the first half of the twentieth century under British rule?
- Less than 2 per cent — Correct Answer
- About 5 per cent
- About 3 per cent
- Less than 1 per cent
Explanation:
Correct Answer Explanation
Most studies found that India's growth of aggregate real output during the first half of the twentieth century was less than two per cent, coupled with a meagre half per cent (0.5%) growth in per capita output per year.
Key Points:
- Aggregate real output growth: Less than 2%
- Per capita output growth: 0.5% per year
- This extremely slow growth was a direct result of exploitative colonial economic policies.
📚 About this Topic — CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
This multiple choice question is from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE to strengthen your preparation.
