Economics · Poverty and Colonial Impact on Indian Economy
Which of the following statements is/are correct regarding poverty during the colonial era in India? Statement 1: A key historical factor for India's widespread poverty was the low level of economic development under the British colonial administration. Statement 2: The policies of the colonial government destroyed traditional handicrafts and hampered the growth of modern industries such as textiles.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither statement 1 nor statement 2 is correct.
- 2Both Statement 1 and Statement 2 are correct.✓
- 3Only statement 2 is correct.
- 4Only statement 1 is correct.
Correct answer
Both Statement 1 and Statement 2 are correct.
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