What were the main obstacles during the industrial development of India at the time of independence?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Capital investment in industries.
At the time of independence, one of the main obstacles to industrial development in India was capital investment in industries. The country faced a severe shortage of financial resources to invest in infrastructure, machinery, and technology required for industrial growth. Additionally, limited access to credit, lack of entrepreneurship, and underdeveloped banking systems hindered the flow of funds into industrial sectors, slowing down the pace of industrialization.