Economics · Indian Economy at Independence
Which factor significantly contributed to low per capita income in post-independence India during the mid-20th century?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Excess surplus in foreign trade balance
- 2Unprecedented industrial expansion
- 3Rapid population growth combined with low economic output✓
- 4High rate of capital formation
Correct answer
Rapid population growth combined with low economic output
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