- Income Inequality: Top 10% hold 77% of wealth.
- Unemployment: Youth unemployment at ~20%.
- Corruption: Bureaucratic delays hinder business growth.
Pre-Independence Era Before British colonial rule, India was a prosperous economy with thriving trade in textiles, spices, and handicrafts. The colonial period (1757–1947) led to deindustrialization, exploitation of resources, and famines, leaving India impoverished at the time of independence. Post-Independence Economic Policies After 1947, India adopted a mixed economy model with a focus on self-reliance (Swadeshi) and state-led industrialization. The Five-Year Plans, inspired by the Soviet model, emphasized heavy industries, agriculture, and public sector dominance. However, by the 1980s, inefficiencies and slow growth necessitated reforms.
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