How did India change after independence?

When British rule came to an end in 1947, the subcontinent was partitioned along religious lines into two separate countries—India, with a majority of Hindus, and Pakistan, with a majority of Muslims. The Constitution adopted in 1950 made India a democratic country, and this democracy has been sustained since then.

What was the two nation theory and why is it important?

Importance of Two Nation Theory The Two-Nation Theory served as the basis of demand for Pakistan by the Muslims in British India. There are two major nations in British India. The Muslims are not a community but a nation with a distinctive history, heritage, culture, civilization, and future aspirations.

What were the reasons for the banks to be Nationalised?

Reason for Nationalization of Commercial Banks

• Control of huge resources.
• Attention to priority sector.
• Development of backward areas.
• Efficiency argument.
• Profitability.
• Uniform banking policy.
• Mobilization of savings and prevention of money lenders.
• Encouraging banking habits and creating banking habitat.

How does India look up on development?

After more fundamental reforms since 1991 and their renewal in the 2000s, India has progressed towards a free market economy. The economic growth has been driven by the expansion of the services that have been growing consistently faster than other sectors.

What problems did India faced after independence?

It can be termed as ” Bloodless Revolution”. But after independence, India had to face many problems like illiteracy, corruption, status of women, poverty, gender discrimination, untouchability, regionalism, communalism etc. There are so many problems which were the greater obstacles for the economic growth of India.

Who said India is not one but two nations?

Ambedkar summarised Savarkar’s position thus: Mr. Savarkar… insists that, although there are two nations in India, India shall not be divided into two parts, one for Muslims and the other for the Hindus; that the two nations shall dwell in one country and shall live under the mantle of one single constitution;…

What are the effects of nationalization of banks in India and its disadvantages if any?

The disadvantages of nationalization of banks are as follows: Political purpose rather than for Productive purpose: The government has acquired strength over the financial services and there is the danger of using the financial resources for political purposes rather than for productive purpose.

What are the effects of nationalization of banks in India?

Due to the nationalization of banks, the efficiency of the banking system in India improved. This also boosted the confidence of the public in banks. The sectors that were lagging behind like small-scale industries and agriculture got a boost.