What is the history of India after independence?
India became officially Independent in the wake of 15th August 1947. There was neither a strong administrative base nor unity in the country. There was an immense conflict concerning community, religion, caste, or class. Several problems were faced by India after Independence. Due to the Partition, there were hundreds of refugees in the country …
What type of economy system does India have?
The economy in India today resembles a capitalist economy with certain modifications. Most economies in the world sit somewhere between a market economy and a centrally planned economy – India is one of these countries that has a mixed economy with several characteristics of a market economy.
Why is India a developing country?
Why is India still a developing countryLate Start. America got independence on 1783, while India got independence on 1947, just after 164 years. …Religion. Religion is the one of the main reason why India lost it’s freedom in the first place, and religion was also the second factor why India started late.Bad Governance. …
How is India doing economically?
Data from the IMF shows India has risen to become the world’s fifth largest economy, when ranked by nominal GDP.India, in this ranking, has leapfrogged France and the UK.Despite its growth, challenges remain, from sustainability to infrastructure.