CBSE 2025, Set 1

Question

Giving valid reasons, state whether the following statements are true or false.
(i) India followed unbalanced growth during the colonial rule.
(ii) The economic policies implemented in India between 1950 - 1990's sought to promote regional equality.
(iii) India has become a favourable destination of outsourcing, in post 1991 period.

Edvaya · Accepted Answer

The correct answer is Subjective. **(i) True.** India's economy under the colonial rule remained fundamentally agrarian, there was hardly any capital goods industry. Furthermore, the growth rate of the newly devised industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.

**(ii) True.** To promote regional equality, the process of obtaining an industrial license in an economically backward area, was made easier. Moreover, to ensure the efficiency and effectiveness of industrial operations, such units were given certain concessions such as tax benefits and electricity at a lower tariff.

**(iii) True.** Availability of skilled manpower at a relatively affordable cost has made India a leading outsourcing hub for Multinational Corporations (MNCs) to outsource their services to India.

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Economics > Indian Economic Development > Development Experience 1947 1990

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