India - The Next Economic Superpower: History

The video discusses India's economic journey, highlighting its rapid growth since 2014, challenges like poverty and agriculture dependency, and its post-independence economic strategies. It explores India's protectionist policies, mixed economic system, and Cold War neutrality, emphasizing its unique approach to economic development and international relations.

What was a significant challenge for India despite its rapid economic growth since 2014?

• High levels of industrialization

• Excessive foreign investment

• Over-reliance on technology

• Persistent poverty and agricultural dependency

Why did India adopt protectionist economic policies after gaining independence?

• To promote global trade

• To protect local industries from foreign competition

• To increase foreign investments

• To align with Western economies

What was the primary reason for India's protectionist stance post-independence?

• To align with capitalist economies

• To reduce agricultural output

• To increase foreign trade

• To avoid repeating colonial exploitation

During the Cold War, which country was India's major trading partner?

• Soviet Union

• China

• United Kingdom

• United States

How did India's economic system during the Cold War differ from a purely communist system?

• It was based on Western capitalism

• It allowed for some free trade and private enterprise

• It had no central planning

• It was entirely state-controlled