Word Count : 457

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At the time of independence in 1947, the Indian economy was predominantly agrarian. Agriculture served as the backbone of the economy, engaging the majority of the population and contributing significantly to national income. Approximately 70 to 75 percent of the Indian population was directly or indirectly dependent on agriculture for their livelihood. This heavy dependence on agriculture reflected the lack of diversification in the Indian economy and the underdevelopment of industrial and service sectors during the colonial period. The share of agriculture in the Gross Domestic Product (GDP) was about 50 to 55 percent at the time of independence. This was a clear indicator of the agrarian nature of the economy, although it also _______ ________ ________ __________ _________ ____ ________ ___ _______.
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